ABX RECEIVES A LETTER

摘要

Red Mountain Capital Partners, the second-largest shareholder in ABX Air, is pushing the carrier's Board of Directors to re-open merger/takeover negotiations with ASTAR Air Cargo. In a recent letter to ABX Chairman James Carey, Red Mountain Managing Partner Willem Mesdag wrote, "Notwithstanding its express statement to the contrary, we are not confident that the Board of ABX Air is committed to maximizing shareholder value," and added, "we strongly encourage you to act in your shareholders' interest by engaging in serious and constructive negotiations with [ASTAR] to consummate a transaction that maximizes shareholder value."