Depressed Stock Market Prompts Atlas Air Buyback
Atlas Air Worldwide Holdings is buying back up to $100 million of its common stock, which on Oct. 8 had fallen almost 63% from a May 18 52-week high of $66.45. Based on the Oct. 8 closing price of $26.85 — a slight improvement on the day’s (and year’s) low of $24.70 — AAWW will repurchase 17% of the...
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