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Private Entity Stonepeak to Acquire ATSG for $3.1B, Shares Up
ATSGAir Transport Services (ATSG) ZACKS·2024-11-05 14:45

Shares of Air Transport Services Group (ATSG) gained 26.4% on Nov. 4, 2024, closing the trading session at 22.TheuptickfollowedthenewsthatATSGwillbeacquiredbyStonepeak,aleadingalternativeinvestmentfirmspecializingininfrastructureandrealassets.Theenterprisevaluationoftheall−cashtransactionis22. The uptick followed the news that ATSG will be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The enterprise valuation of the all-cash transaction is 3.1 billion.Under the terms of this definitive agreement, which was unanimously approved by the company’s board of directors, ATSG’s common shareholders will receive $22.50 per share in c ...