ATSG Concludes Sale to Stonepeak, Ending Public Trading Era

The acquisition of Air Transport Services Group (ATSG) by investment firm Stonepeak has been finalized, marking a significant shift for the cargo airline specialist. The multi-billion dollar transaction delivers a substantial premium to shareholders but simultaneously concludes the company’s tenure as a publicly traded entity on the NASDAQ exchange.

Under the terms of the agreement, Stonepeak is paying approximately $3.1 billion to acquire ATSG. Shareholders will receive $22.50 in cash for each share they own, a price that represents a significant premium over the trading level observed prior to the initial announcement of the deal. This cash payout serves as the final exit event for investors.

The completion of this deal triggers the immediate delisting of ATSG’s common stock... Read more...