- Atlas Air Worldwide ( NASDAQ: AAWW ) ticked up 0.1% on a report that the company's planned sale to Apollo Global ( APO ) is likely t close in the next several weeks.
- The parties are awaiting Federal Aviation Administration's transfer of operating certificates, according to a Dealreporter item, which cited sources familiar. The transfers are likely to be done by the end of the month. The deal has received all of its global regulatory approvals.
- Atlas Air ( AAWW ) said in late November after its holders had approved the deal that the transaction was expected to close in Q1.
- Apollo ( APO ) agreed to buy Atlas Air ( AAWW ) for $5.2 billion, or $102.50 a share, in early August.
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Atlas Air ticks higher on report sale expected to close in next several weeks