Atlas Air Worldwide prices public offering of common stock

Thu. October 29, 2009; Posted: 02:34 PM

Oct 29, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- AAWW | Quote | Chart | News | PowerRating -- Update on October 29, 2009:

Atlas Air Worldwide Holdings, Inc., a US-based provider of air freight transportation services, has priced a public offering of 4 million shares of its common stock at a price of $25.75 per share to raise gross proceeds of $103 million.

The underwriters will also have a 30-day option to purchase 0.6 million additional shares of common stock from the company at the public offering price, less the underwriting discount. The offering is expected to close on November 3, 2009,

Announcement (October 26, 2009):

Atlas Air is planning to offer 5.25 million shares of its common stock in an underwritten public offering.

Atlas Air intends to grant the underwriters a 30-day option to purchase up to 787,500 additional shares.

Morgan Stanley & Co., Incorporated and Goldman, Sachs & Co. are acting as joint book-running managers and BB&T Capital Markets, Inc., Stephens, Inc. and CJS Securities, Inc. are acting as co-managers for the offering.

Deal Value (US$ Million) 103
Deal Type                IPO
Sub-Category             Secondary Offering
Deal Status              Announced: 2009-10-26

Deal Participants

Target (Company) Atlas Air Worldwide Holdings, Inc.

Deal Rationale

Atlas Air intends to use the net proceeds from the offering for general corporate purposes, including the financing of capital expenditures or funding of potential acquisitions or other business transactions.

Offer Price ($ per share) 25.75
No. Shares Issued         4000000

For full details on Atlas Air Worldwide Holdings Inc (AAWW) click here. Atlas Air Worldwide Holdings Inc (AAWW) has Short Term PowerRatings of 5. Details on Atlas Air Worldwide Holdings Inc (AAWW) Short Term PowerRatings is available at This Link.

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