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Atlas Air Worldwide to Acquire Southern Air

Atlas Air Worldwide Holdings, Inc. reveal on January 19 that it has entered into a definitive agreement to acquire privately held Southern Air Holdings, Inc., a premier provider of intercontinental and domestic air cargo services, in an immediately accretive, all-cash, debt-free transaction valued at approximately $110 million. The transaction is subject to customary closing conditions and approval by the U.S. Department of Transportation, and is expected to close in the next ... [+]

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