Why Madison Air Solutions Stock Was Getting Mashed This Week

Madison Air Solutions (NYSE: MAIR), a recent arrival to the stock exchange, wasn't having one of the best weeks in its existence as a publicly traded company.After the cooling solutions specialist announced a splashy acquisition, investors actively and eagerly traded out of its equity. As of Friday morning before market open, Madison's shares were down by 16% week to date, according to data compiled by S&P Global Market Intelligence.That slide started early on Monday, when Madison Air announced it had signed a definitive agreement to become the new owner of a Germany-based peer, ebm-papst. The enterprise value of the deal is $5.4 billion, Madison said, or $5 billion when accounting for anticipated future tax savings. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool