Skip to content

Apollo Nears $3.2 Billion Takeover of Atlas Air Worldwide

  • Investor group is said to agree to pay $102.50 a share
  • A transaction could be announced as soon as this week
Video player cover image
Apollo's Zelter on Atlas Air Deal, Second-Quarter, Credit

An investor group led by Apollo Global Management Inc. has agreed to acquire airfreight company Atlas Air Worldwide Holdings Inc. for around $102.50 a share, according to people familiar with the matter.

A transaction may be announced as soon as this week, assuming talks don’t fall apart at the last minute, said the people, who requested anonymity discussing a private transaction. The purchase price is around $3.2 billion on a fully diluted basis, one of the people said.