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a title the business says reflects its expandeed operations after arecent acquisition. Approval, which took place at the cargio carrier's annual meeting in its home cityof Wilmington, comes abourt five months after ABX (NASDAQ:ABXA) boughgt Orlando, Fla.-based . The $259 millioj deal brought ABX 23 aircraft, added to its fleet of more than 100. Shareholders also approved a Teamsters-sponsored which the company's board had urged them to reject, that callee for the board to nullifyits so-calle d "poison pill" anti-takeover defenswe and to submit any future poisonm pills to a shareholderf vote.
The labor union, whose Local 1224 affiliate represents pilots of subsidiaryABX Air, had argued the poison pill undulty insulates the board from shareholder It cited the board'ss rejection of a potential $7.75-a-share buyout offer from Miami-basedd last year, a decision the uniom contends the board didn't adequately explain. The pilots' uniom has questioned management's long-term strategy durintg a campaign leading up to the meetinv that included ads innational publications.
The compang opposed the measure, saying the poison pill forces suitorsa to negotiate withthe board, whicnh allows it to better represent the interests of all ABX operates a fleert of 135 aircraft at 14 U.S. hubs. The companyy in 2007 recorded profitof $19.67 million on $1.17 billion in
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