Reported 22 days ago
Stonepeak is reportedly in advanced talks to purchase Air Transport Services Group (ATSG) for approximately $3.1 billion, including debt, with a proposed price of $22.50 per share, reflecting a nearly 30% premium. The deal could be announced as soon as Monday, driven by increased demand for air cargo services amidst rising online shopping. ATSG, which has a significant fleet and notable customers like Amazon, faces recent revenue challenges but anticipates improving demand.
Source: YAHOO