NEW YORK, Nov. 8, 2019 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Aircastle Limited
("AYR" or the "Company") (NYSE: AYR) in connection with the
proposed acquisition of the Company by Marubeni Corp and Mizuho
Leasing Co. Under the terms of the acquisition agreement, AYR
shareholders will receive $32.00 in
cash for each AYR share they own.
If you own AYR shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, visit our website:
http://www.weisslawllp.com/aircastle-limited/
Or please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether AYR's Board acted to maximize
shareholder value prior to entering into the acquisition
agreement. Notably, the Company recently declared a fourth
quarter 2019 cash dividend of $0.32
per AYR share. This represents AYR's 54th
consecutive dividend, and reflects a 6.7% increase in dividend
distribution over the previous period.
Moreover, AYR also announced unaudited lease rental revenue of
$203 million for the three month
period ended September 30, 2019,
representing an increase of $21
million year-over-year when compared to the $182 million reported in the same period of the
previous year.
Given these facts, WeissLaw is concentrating its investigation
on whether the acquisition enhances shareholder value.
WeissLaw is concerned whether the proposed acquisition
undervalues the Company, and whether all material information
related to the proposed acquisition is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP