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Amazon’s investment in ATSG reflects ‘lead operator’ status
E-tailer could further bump ATSG ownership to over 38%
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Amazon took industry observers by surprise this week when it elected to exercise cash warrants for 13.6 million shares of ATSG stock valued at $132 million. Only 866,000 shares were converted in a cashless exchange, the method which had been expected for the bulk of Amazon’s warrants with ATSG. The transaction, subject to regulatory approval, […]
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