Air Transport Services to be Acquired by Stonepeak
Company Announcements

Air Transport Services to be Acquired by Stonepeak

An update from Air Transport Services ( (ATSG) ) is now available.

Air Transport Services Group, Inc. (ATSG) has agreed to be acquired by Stonepeak for $3.1 billion, with shareholders receiving $22.50 per share in cash, a premium over recent market prices. This deal highlights Stonepeak’s recognition of ATSG’s strategic value in the air cargo market, particularly its ‘Lease+Plus’ strategy. The acquisition, expected to close in the first half of 2025, will see ATSG delisted from NASDAQ as it becomes a private company. The transaction awaits necessary shareholder and regulatory approvals.

Learn more about ATSG stock on TipRanks’ Stock Analysis page.

Related Articles
Brian AndersonATSG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
TheFlyAir Transport Services price target raised to $22.50 from $15 at Truist
TheFlyAir Transport Services downgraded to Hold from Buy at Loop Capital
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App