Air Transport Services Group, Inc. today announced that its stockholders voted to approve the proposed merger with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, at a special meeting of the Company’s stockholders.
The final voting results for the special meeting are expected to be filed in a Form 8-K with the U.S. Securities and Exchange Commission on February 10, 2025.
As previously announced, under the terms of the definitive merger agreement, holders of ATSG’s common shares will receive $22.50 per share in cash upon closing of the merger.
The transaction is expected to close in the first half of 2025, subject to the satisfaction or waiver of customary closing conditions, including receipt of certain regulatory approvals.
Upon completion of the transaction, ATSG will become a privately held company, and its shares will no longer trade or be listed on NASDAQ.