Avolon Holdings Ltd (AVOL) Sold To Chinese Firm Following Seven Week Courtship

In its financial results for the second quarter the aircraft leasing company managed to beat both the top and bottom line estimates of analysts, as it delivered EPS of $0.75 against the expected $0.71 and revenues of $183.91 million, which not only beat expectations by $3.29 million, but were also 38.2% higher on a year-over-year basis. Even though the stock is now trading close to the transaction price, it is still valued relatively cheaply, having a forward earnings multiple of just 8.55. Thus, it appears Bohai has landed itself a good deal, while a few hedge funds have also made a nice little profit for themselves.

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