Atlas shareholders sign off on acquisition by investors

Atlas Air Worldwide’s shareholders have voted to approve the company’s acquisition by an investor group. John Dietrich, Atlas’s president and chief executive, said the deal, which earlier had been unanimously endorsed by the Atlas’s board of directors, offers “compelling value” to shareholders/ The buyers are led by funds managed by affiliates of Apollo Global Management along with investment affiliates of J.F. Lehman & Company and Hill City Capital. The deal, which will see Atlas turned into a privately-held business, should be wrapped up during the first quarter of 2023, Atlas said in a statement.