Airfreight company Atlas Air will be bought by a consortium of investors led by Apollo Global Management in an all-cash deal that values the company at $3.2 billion. Read More...
Reuters
Apollo-led group to take Atlas Air private for $3 billion
The agreement announced on Thursday offers $102.50 for each share of Atlas Air, a premium of 35% to the company’s closing price on Friday before media reports on the deal. Atlas Air offers air leasing services that can be used for shipping perishables, heavy construction equipment or passengers. The company’s customers include Boeing Co, FedEx Corp and MotoGP, according to its website.