Sumitomo Corp
8053: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|xd | LOCK|<> | LOCK|G<@txs |
Sumitomo Corp.: Air Lease Deal Expands Aviation Footprint; Fair Value Estimate Unchanged
Sumitomo Corp., together with affiliate SMBC Aviation Capital and asset managers Apollo and Brookfield, agreed to acquire aircraft lessor Air Lease for $7.4 billion—0.9 times book value and an 8% premium to Aug. 29 close.
