An update from Air Transport Services ( (ATSG) ) is now available.
Air Transport Services Group, Inc. (ATSG) has agreed to be acquired by Stonepeak for $3.1 billion, with shareholders receiving $22.50 per share in cash, a premium over recent market prices. This deal highlights Stonepeak’s recognition of ATSG’s strategic value in the air cargo market, particularly its ‘Lease+Plus’ strategy. The acquisition, expected to close in the first half of 2025, will see ATSG delisted from NASDAQ as it becomes a private company. The transaction awaits necessary shareholder and regulatory approvals.
Learn more about ATSG stock on TipRanks’ Stock Analysis page.
