Atlas Air Worldwide (AAWW) Announces 5.25M Stock Offering
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that it plans to offer, subject to market conditions, 5,250,000 shares of its common stock in an underwritten public offering. In addition, the Company intends to grant the underwriters in the offering a 30-day option to purchase up to 787,500 additional shares. The Company 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.
Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. will serve as the joint bookrunning managers for the offering, and BB&T Capital Markets and Stephens Inc. will serve as co-managers.
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