I like how this float is over 90 % institutionally held but also how well the gap up has held and absorbed the supply down to a trickle .
This is why it gapped up, which I am quoting from a news report .......
"Macquarie Infrastructure is selling its Atlantic Aviation Group to KKR for $4.475 billion in cash and assumed debt. Atlantic Aviation provides fuel and hangar services to private aircraft at 69 U.S. airports and is the larger of Macquarie Infrastructure's two main divisions. The sale is expected to close in the fourth quarter with Macquarie collecting roughly $3.525 billion in cash from the deal; it will pay its external manager $227 million. But all of this news isn't likely why investors are excited here.
After the deal closes, and the external manager collects its fee, Macquarie Infrastructure will be left with $3.298 billion with which it has to do something. Right now, it appears that the board intends to announce a dividend of $37.35 per unit. "
This is why it gapped up, which I am quoting from a news report .......
"Macquarie Infrastructure is selling its Atlantic Aviation Group to KKR for $4.475 billion in cash and assumed debt. Atlantic Aviation provides fuel and hangar services to private aircraft at 69 U.S. airports and is the larger of Macquarie Infrastructure's two main divisions. The sale is expected to close in the fourth quarter with Macquarie collecting roughly $3.525 billion in cash from the deal; it will pay its external manager $227 million. But all of this news isn't likely why investors are excited here.
After the deal closes, and the external manager collects its fee, Macquarie Infrastructure will be left with $3.298 billion with which it has to do something. Right now, it appears that the board intends to announce a dividend of $37.35 per unit. "
艾力克~