Apollo investor group buys Atlas Air Worldwide for $2.9B

AAWW reports Q2 results a day early, cancels call

Photo: FEMA

Following unanimous approval from its Board, Atlas Air Worldwide (AAWW) sold today at an enterprise value of $5.2 billion to an Apollo-led investor group that includes J.F. Lehman & Company and Hill City Capital. The acquisition is around $2.9 billion. AAWW shareholders will receive $102.50 per share in cash, a 57% premium to the 30-day […]

 

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