Sat, May 18, 2013, 7:16 PM EDT - U.S. Markets closed
WSJ and others reporting "Fly Leasing Ltd. said it acquired a portfolio of 49 jetliners from a smaller lessor for $1.4 billion, significantly expanding one of four listed airplane-leasing companies."No news on the web site or Press Releases about this. Seems like a major transformation (almost doubling company size).Anyone hear anything?
seems like market reaction was Nil to muteon this subject.
not too many people reporting here on this.
Earnings report before market opens tommorow, plus this purchase. Should make for an interesting day
Yeah, $1.4 billion acquisition for a $300 million market cap company, plus they say they are funding this out of cash. Hope they're not piling on too much debt to make this happen.