Irish lessor Avolon has reached an agreement to be taken over by China’s Bohai Leasing. Bohai will pay $31 cash per common share for Avolon in a deal with a total enterprise value of approximately $7.6 billion. The $31 offer represents a 31% premium to Avolon’s share price on July 13 of $23.73 per share, the closing price prior to the announcement of Bohai’s initial intention to acquire a 20% stake in Avolon. It is also a 55% premium on Avolon’s initial public ...

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