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Article: AerCap and Genesis Lease to Merge in an All Share Transaction.
- Article from:
- Investment Weekly News
- Article date:
- October 3, 2009
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AerCap Holdings N.V. ("AerCap") (NYSE:AER) and Genesis Lease Limited ("Genesis") (NYSE:GLS) announced that their Boards of Directors have approved a definitive agreement under which AerCap and Genesis will merge in an all share-for-share transaction. Under the terms of the amalgamation agreement, Genesis shareholders will receive one AerCap ordinary share for every Genesis common share they own.
Genesis will become a wholly-owned subsidiary of AerCap. AerCap's CEO Klaus Heinemann and CFO Keith Helming will lead the combined company, which will retain the name AerCap. Three directors from Genesis will be nominated for election to the Board of Directors of AerCap ...