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Old 03-09-2021, 07:31 AM   #3  
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Joined APC: Apr 2007
Posts: 1,558

Originally Posted by wjcandee View Post
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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