Avolon has agreed to a four-week exclusivity agreement with China’s Bohai Leasing, one of the suitors hoping to buy the Ireland-based lessor. Avolon announced Monday is granting Bohai Leasing exclusive negotiating rights until Sept. 7. Bohai initially wanted to take a strategic stake of 20% in Avolon for $26 a share, but upped this to a bid for all of Avolon’s shares after an unnamed third party announced it was prepared to bid $30 a share for the entire shareholding. Under the ...

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