Air Transport Services Group (ATSG) announced the end of a 35-day “go-shop” period for its merger agreement with Stonepeak, which will acquire ATSG for $22.50 per share in cash. During this period, ATSG did not receive any alternative takeover offers. The transaction, valued at $3.1 billion, is expected to close in the first half of 2025, pending shareholder and regulatory approvals. Following the merger, ATSG will become a private company, ceasing to trade on the Nasdaq. ATSG reported a revenue decline in Q3 2024, with $471 million compared to $523 million the previous year.

Source: https://www.stattimes.com/air-cargo/atsg-announces-expiration-of-go-shop-period-1353916