ABX Air seeks more time to mull Astar merger
ABX Air responded to Astar Air Cargo’s deadline of today for an answer to its merger offer by saying on its Web site that the company’s board and management are scheduled to meet Friday and would make a decision next week.
The Wilmington, Ohio-based air cargo carrier said it has been evaluating the June 26 offer of $7.75 per share from fellow DHL air transport provider Astar in consultation with its financial and legal advisors.
ABX Air seeks more time to mull Astar merger