Update: AAR to Pay $1.8 Billion for 65% Stake in MRO Holdings

MT newswire2026/09/28 21:39

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05:39 PM EDT, 09/28/2026 (MT Newswires) -- (Removed the market chatter tag and updated with additional information from the company.) AAR (AIR) said late Monday it has entered into a definitive agreement to acquire a 65% stake in privately held aircraft-maintenance company MRO Holdings for an equity value of approximately $1.8 billion. As part of this initial transaction, AAR will also repay approximately $1.3 billion of MRO Holdings' current borrowings, the company said. AAR said it expects to finance the transaction and related expenses through nearly $2.1 billion of new debt, about $780 million of equity issued at $135 per share to existing MRO shareholders, and approximately $230 million of proceeds from a private investment in public equity offering. AAR will have an option to buy the remaining 35% interest in MRO within six years, the company said. The deal is expected to help AAR expand margins, with EBITDA margins targeted at 20% within three to four years. Shares of AAR rose 6% in after-hours trading.

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October 5th – Elon Musk confirmed discussions with TSMC (2330.TW), prompting a 3% increase in the company’s share price. The Taiwan Stock Exchange Weighted Index (.TWII) rose by 2.4%. Tesla (TELA.O) and SpaceX (SPCX.O) CEO Musk stated on Saturday via X platform that TSMC and his chip manufacturing project, Terafab, have discussed potential collaboration. In response to a post on X featuring a screenshot of an article titled “TSMC is exploring plans to cooperate with Elon Musk’s TeraFab,” Musk replied on Saturday: "It is only at the discussion stage for now, but something could result." TSMC’s share price has increased by 66% so far this year. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. As automated translations may contain errors or lack needed context, Reuters does not guarantee the accuracy of the automated translated texts. They are provided merely for the convenience of readers. Reuters bears no responsibility for any damage or losses resulting from the use of the automated translation function.)

路透社•2026/10/05 02:16

10-Yr Benchmark Govt Yields - Germany vs Other Nations

Current Spread in Yield Basis Points Germany 3.475 % Australia 5.347 % 187.2 Belgium 4.339 % 86.4 Canada 3.944 % 46.9 Denmark 3.268 % -20.7 France 4.866 % 139.1 Italy 4.604 % 113.0 Japan 3.089 % -38.6 Netherlands 3.577 % 10.2 Spain 4.087 % 61.2 Sweden 3.146 % -32.9 U.K. 5.369 % 189.4 U.S. 5.256 % 178.1 Source: Tullett Prebon via FactSet (END) Dow Jones Newswires October 04, 2026 22:10 ET (02:10 GMT)

Dow Jones•2026/10/05 02:10