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So much for the endless "UPS is buying Polar" rumors... >

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So much for the endless "UPS is buying Polar" rumors...

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Old 10-16-2006, 11:55 AM
  #1  
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Default So much for the endless "UPS is buying Polar" rumors...

Deutsche Post Buys $150 Million Stake in Atlas's Polar Air Unit

By Susanna Ray

Oct. 16 (Bloomberg) -- Deutsche Post AG's DHL express- delivery division plans to spend $150 million for nearly half of Atlas Air Worldwide Holdings Inc.'s Polar Air Cargo unit, gaining access to extra aircraft in key markets.

DHL will pay cash to acquire a 49 percent holding in Polar, including a 25 percent voting interest, Atlas said today in a statement on Business Wire.

Bonn-based Deutsche Post, Europe's largest postal service, has spent more than $13 billion on acquisitions since 1996 in a quest to become the No. 1 logistics company in the world.
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Old 10-16-2006, 01:07 PM
  #2  
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Doesn't FS personally own a large portion of Polar?
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Old 10-16-2006, 10:56 PM
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No, right now it's we're buying NWA Cargo...
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Old 10-17-2006, 07:49 AM
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^^^^^^ that's a good one!
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Old 10-17-2006, 12:14 PM
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Please take the pilots with you!!!
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