Stonepeak nears $22.50 per share deal for Air Transport, Reuters reports

New York-based investment firm Stonepeak is in advanced talks to acquire Air Transport Services (ATSG) Group for about $3.1B including debt, people familiar with the matter told Reuters’ David French. The firm is expected to pay $22.50 per share for the provider of aircraft leasing and cargo transportation services, known as ATSG, representing a premium of nearly 30% to its closing price on Friday, the sources said. In Monday pre-market trading following Sunday’s report, ATSG shares have jumped 22% to $21.25.