Atlas Worldwide stocks shoots up in volatile trading after WSJ report of buyout talks with Apollo-led group

Shares of Atlas Worldwide Holdings shot up 12.5% toward a four-month high in volatile afternoon trading Monday, after The Wall Street Journal reported that the aircraft and aviation operating services was in advanced buyout talks by a group led by asset management services company Apollo Global Management Inc. The stock, which was up as much as 16.2% earlier in the session, has been halted once for volatility in afternoon trading. The WSJ report, which cites people familiar with the matter, said a deal could come soon, while details of the negotiations couldn't be learned. Atlas Air's market capitalization at current stock prices was $2.40 billion. Atlas Air's stock has rocketed 44.2% since it closed at a 16-month low of $59.04 on July 6, while the S&P 500 has gained 7.3% over the same time.

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