Stockholders in Air Transport Services Group (ATSG), a premier provider of aircraft leasing and cargo and passenger air transportation solutions, have voted to approve a proposed merger with Stonepeak.
Under the terms of the definitive merger agreement, first announced in late 2024, holders of ATSG’s common shares will receive $22.50 per share in cash upon closing of the merger, representing a $3.1 billion transaction. Following the transaction’s completion, ATSG will become a privately held company, and its shares will no longer trade or be listed on NASDAQ.
The transaction is expected to close in the first half of 2025, subject to the satisfaction or waiver of customary closing conditions.
