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Old 03-08-2021, 08:43 PM   #2  
wjcandee
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Joined APC: Aug 2016
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Quote:
Originally Posted by FlyAstarJets View Post
Amazon now owns 19.5% of ATSG and can appoint 1 board member.

https://finance.yahoo.com/news/amazo...161447815.html
Amazon had the right to pay that $131 million for the shares and immediately-resell them, which would have yielded about a $270 million profit, as the shares had risen so that the market price of a share today was more than 3 times the price at which the warrants were exercisable. Instead, they say they're planning to hold onto the shares, which makes them ATSG's largest shareholder.
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