BUZZ-AerCap dips as GE heads to the exits

+0.23%

-0.34%

-0.33%

+0.06%

+1.22%

Goldman Sachs Group, Inc. GS	426.95	+0.06%
AerCap Holdings NV AER	85.52	+1.22%
Dow Jones Industrial Average DJI	37903.29	+0.23%
S&P 500 index SPX	5018.39	-0.34%
NASDAQ IXIC	15605.48	-0.33%

** Shares of aircraft lessor AerCap AER.N dip 3.3% to $65.45 post-market as General Electric Co GE.N to divest its remaining stake

** AER says GE to sell ~26.7 mln shares in secondary offering

** If full overallotment option of ~4 mln shares is exercised, GE will no longer hold any of AER's shares

** As past of offering, AER to repurchase approx $500 mln worth of shares from underwriters with cash on hand

** Goldman Sachs, Citigroup, Deutsche Bank, BNP Paribas, BofA and JP Morgan acting as jt bookrunners; offering expected to price later this evening

** AER's stock on Mon closed up 1.3% at $67.70

** Shares have risen ~14% since co on Oct 27 raised its full-yr profits guidance, and announced new $500 mln stock buyback program

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))

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