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Apollo-Led Group In Advanced Negotiations To Purchase Atlas Air: WSJ

Akanksha Bakshi
·1 分鐘文章

  • A group led by Apollo Global Management (NYSE: APO) is in advanced talks to acquire the airfreight company Atlas Air Worldwide Holdings, Inc (NASDAQ: AAWW), reported Wall Street Journal, citing people familiar with the matter.

  • The source states that a deal could come soon, assuming talks don't fall apart.

  • Atlas Air, situated in Purchase, New York, has a market value of about $2 billion and flies for freight, business, charter, and the military.

  • It stated in 2016 that it had reached a contract with (NASDAQ: AMZN) Amazon.com Inc. to offer air transportation services in exchange for the e-commerce behemoth receiving warrants to buy the company's stock.

  • Price Action: AAWW shares are trading higher by 0.93% at $85.78 during the premarket session on Tuesday. APO closed higher by 0.07% at $57.12 on Monday.

  • Photo via Wikimedia Commons

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