The Street reported that aircraft lessor Avolon Holdings is moving ahead with its planned initial public offering after talks with potential buyers collapsed over valuation disagreements.
The Street said that according to a regulatory filing, Avolon plans to sell 13.6 million shares on the NYSE at $21 to $23 apiece, a deal that would value the company, with debt, at about $6 billion.
The Street notes that the filing comes after China aerospace company AVIC Capital said that it is no longer in discussions with Avolon after the target’s board rejected its bid.
To view the full The Street report, click here.
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