Apollo-Led Group to Take Atlas Air Private for $3 Billion

Marc Rowan, Co-Founder and Senior Managing Director, Apollo Global Management, LLC, takes part in a panel discussion of Credit Markets in Beverly Hills, Calif., on April 29, 2014. Kevork Djansezian/Reuters

Air-freight company Atlas Air Worldwide Holdings Inc. is being taken private for nearly $3 billion by an investor group led by private equity giant Apollo Global Management Inc.

The agreement announced on Thursday offers $102.50 for each share of Atlas Air, a premium of 35 percent to the company’s closing price on Friday before media reports on the deal.