Apollo-Led Group In Advanced Negotiations To Purchase Atlas Air: WSJ - Apollo Global Management (NYSE:APO

A group led by Apollo Global Management (NYSE:APO) is in advanced talks to acquire the airfreight company Atlas Air Worldwide Holdings, Inc (NASDAQ:AAWW), reported Wall Street Journal, citing people familiar with the matter.
The source states that a deal could come soon, assuming talks don't fall apart.
Atlas Air, situated in Purchase, New York, has a market value of about $2 billion and flies for freight, business, charter, and the military.
It stated in 2016 that it had reached a contract with (NASDAQ:AMZN) Amazon.com Inc. to offer air transportation services in exchange for the e-commerce behemoth receiving warrants to buy the company's stock.
Price Action: AAWW shares are trading higher by 0.93% at $85.78 during the premarket session on Tuesday. APO closed higher by 0.07% at $57.12 on Monday.
Photo via Wikimedia Commons

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