Atlas Air Worldwide shareholders approve of proposed acquisition by Apollo

Atlas Air Worldwide (AAWW) announced that its shareholders voted to approve the Company’s pending acquisition by an investor group led by funds managed by affiliates of Apollo Global Managemen (APO), together with investment affiliates of J.F. Lehman & Company and Hill City Capital at its special meeting of shareholders held earlier."We are pleased to receive overwhelming support from Atlas Air Worldwide shareholders, who recognize this transaction provides compelling value to them while giving us the opportunity to execute our strategic plan," said John Dietrich, President and Chief Executive Officer of Atlas Air Worldwide. "This is another step forward to completing the transaction as we advance our leadership in airfreight and deliver high-quality services to our customers around the world." The Company expects to complete the transaction in the first quarter of 2023, subject to customary closing conditions and receipt of regulatory approvals. Upon closing, Atlas Air Worldwide will become a privately held company and shares of Atlas Air Worldwide common stock will no longer be listed on the Nasdaq stock exchange.