The Ademi Firm is investigating Air Lease (NYSE: AL) for possible breaches of fiduciary duty and other violations of law in its transaction with a consortium including Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield.
Shareholders of Air Lease will receive $65.00 in cash for each share of Class A common stock of Air Lease, representing a total valuation of approximately $7.4 billion, or approximately $28.2 billion including debt obligations to be assumed or refinanced net of cash.
Air Lease insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Air Lease by imposing a significant penalty if Air Lease accepts a competing bid. We are investigating the conduct of the Air Lease board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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