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Following the announcement that Aircastle (AYR) will be sold, I have sold all my shares. I believe there is little reason to hold onto the shares while waiting for the deal to come through. In this article I will present the deal, and my assessment of the current situation.
The news
As shareholders of Aircastle we all heard the rumors, while happily watching the stock price jump from $23 to $26. At that point I was thinking: “Okay, we’re half way towards my target price of $29”. Then November