M&A: Air Transport Services Group, Inc.

Form Type: DEFM14A

Filing Date: 2025-01-06

Corporate Action: Merger

Type: New

Accession Number: 000114036125000356

Comments: Air Transport Services Group, Inc. has scheduled a special meeting for its stockholders on February 10, 2025, to vote on a merger agreement with Stonepeak Nile Parent LLC and its subsidiary, Stonepeak Nile MergerCo Inc. This merger plan, dated November 3, 2024, proposes that MergerCo will merge with Air Transport Services Group, making it a wholly-owned subsidiary of Stonepeak. If approved, stockholders will receive $22.50 per share of common stock, with specific conditions governing the share exchange. The board recommends voting in favor of the merger agreement, advisory compensation for executives, and the potential adjournment of the meeting to gather more proxies if necessary. The record date for voting eligibility is January 3, 2025, with a total of 65,892,861 shares entitled to vote. The document includes detailed information about the merger, the meeting logistics, and voting procedures.

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Form Type: PREM14A

Filing Date: 2024-12-23

Corporate Action: Merger

Type: New

Accession Number: 000114036124050280

Comments: Air Transport Services Group, Inc. has filed a preliminary proxy statement regarding a proposed merger with Stonepeak Nile Parent LLC and its subsidiary, Stonepeak Nile MergerCo Inc. The merger agreement, dated November 3, 2024, proposes the acquisition of Air Transport Services Group, Inc. at a price of $22.50 per share. The special meeting for stockholders will vote on three proposals: 1) adoption of the merger agreement, 2) advisory approval of executive compensation related to the merger, and 3) potential adjournment for proxy solicitation. The board unanimously recommends approval of all proposals. The company emphasizes the importance of stockholder votes given the need for a majority approval to consummate the merger.

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