Amazon foregoes Atlas Air board seat by keeping holdings low

The e-commerce giant sells shares to keep its stake lower 

Amazon is selling shares of Atlas Air Worldwide Holdings as it exercises vested warrants, a move that keeps its stake in the company under 5% but prevents Amazon from gaining the ability to appoint a director to Atlas’ board. The option for a board seat would be triggered if holdings surpassed 10%.  Following share acquisitions this year, Amazon would be nearing the 10% threshold – were it not selling shares as […]

 

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