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ATSG - Amazon Acquiring Nearly 20% of Cargo Carrier Air Transport Services Group
Air Transport Services Group Inc
Bolstering its ever-important logistics efforts, Amazon (NASDAQ: AMZN) has exercised options to acquire a pack of shares in air cargo operator Air Transport Services Group (NASDAQ: ATSG) .
The giant retailer pulled the trigger on over 14.4 million shares of Air Transport Services' common stock by exercising several warrants. For nearly 13.6 million of those shares, it is paying nearly $132 million. The remainder are being acquired on a cashless basis per the terms of the warrants.