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Apollo Said Nearing $3.2 Billion Takeover of Atlas Air Worldwide

Aug. 3, 2022, 1:02 AM

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.

An Apollo representative declined to comment. An Atlas Air spokesperson didn’t immediately respond to a request for comment.

Shares in Purchase, N.Y.-based ...