05:22 PM EST, 02/10/2025 (MT Newswires) -- Air Transport Services Group ( ATSG ) said late Monday it has received stockholder approval for its proposed merger with alternative investment firm Stonepeak.

Under the terms of the deal, holders of the company's common shares will receive $22.50 per share in cash upon the merger's closing, expected in H1.

Air Transport Services ( ATSG ) will become a privately held company following the deal's completion.