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ABX Air, Inc. Receives Unsolicited Indication of Interest from ASTAR Air Cargo Holdings, LLC.

Publication: Business Wire
Publication Date: 28-JUN-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
WILMINGTON, Ohio -- ABX Air, Inc. (NASDAQ:ABXA) today acknowledged the receipt of an unsolicited indication of interest from ASTAR Air Cargo Holdings, LLC to acquire all of the outstanding shares of ABX Air for $7.75 per share in cash. No formal offer has yet been made.

The ABX Air Board of Directors, consistent with its fiduciary duties...

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