ABX Air yesterday "unanimously rejected" Astar Air Cargo's proposal to acquire it for more than $450 million in cash. ABX and Astar are DHL's primary subservice carriers in the US and the latter late last month issued an "indication of interest" to purchase the former and merge their air operations, which both are based at DHL's Wilmington, Ohio, hub (ATWOnline, July 2). In a letter to Astar Chairman, President and CEO John Dasburg, ABX President and CEO Joe Hete wrote that the board had ...

Subscribe to Access this Entire Article

"ABX Air rejects proposed merger with Astar Air Cargo" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.