Why Aircastle Limited Stock Just Popped 16.5%
Aircastle Limited (NYSE: AYR) is for sale -- and that news drove up shares of jet airplane lessor Aircastle stock 16.5% today (as of 2:10 p.m. EST).
In fact, Aircastle is more than just "for sale" -- it's practically sold already, with the company announcing today that it has "entered into a definitive agreement to be acquired by a newly formed entity controlled by affiliates of Marubeni Corporation...and Mizuho Leasing Company, Limited."
Image source: Getty Images.
Source Fool.com
