Bohai Leasing in talks to buy Avolon for $2.64bn
China's Bohai Leasing Co Ltd
Beijing - XINHUA
China's Bohai Leasing has reportedly upped its offer for Irish aircraft leasing firm Avolon Holdings.
The firm is now offering 2.6 billion U.S. dollars in the take-over.
The 32 US-dollar per share offer is one dollar higher than Bohai's earlier bid in July.
It is also 2-dollars a share higher than an offer from a rival unidentified bidder.
Avolon shares have jumped nearly 5-percent on the news.
Both companies have until September 7th to finalize a deal.
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