ABX Air to consider Astar Air Cargo's interest in the company

By Lisa Kerner

Charlotte, N.C., June 28 - ABX Air, Inc. said it received an "unsolicited indication of interest" from Astar Air Cargo Holdings, LLC to acquire the company for $7.75 per share in cash.

The board of directors of ABX will evaluate Astar's interest with assistance from Goldman, Sachs & Co. and O'Melveny & Myers, according to a company news release.

ABX is a cargo airline operating out of Wilmington, Ohio.

Miami-base Astar is a holding company for Astar Air Cargo, Inc., a licensed U.S. air carrier that also operates out of Wilmington, Ohio.

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