This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Atlas Air Worldwide Holdings, Inc. Announces Pricing of Common Stock Offering 2009-10-29 07:32 ET - News Release
PURCHASE, N.Y. -- (Business Wire)
Atlas Air Worldwide Holdings, Inc. (AAWW or the Company) (Nasdaq: AAWW),
a leading provider of global air cargo assets and outsourced aircraft
operating services, today announced that it has priced its offering of
4,000,000 shares of its common stock. The public offering price will be
$25.75 per share. The underwriters will also have a 30-day option to
purchase 600,000 additional shares of common stock from the Company at
the public offering price, less the underwriting discount. Upon the
closing of the offering, which is expected to occur on November 3, 2009,
and which is subject to satisfaction of various customary closing
conditions, AAWW will receive net proceeds of approximately $98.1
million, assuming no exercise of the underwriters’ option to purchase
additional shares. The Company expects to use the proceeds for general
corporate purposes, including the financing of capital expenditures or
funding of potential acquisitions or other business transactions.
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