| An indication of interest from ASTAR Air Cargo Holdings, LLC, to acquire ABX at $7.75 per share was made on June 26, 2007 – an offer above the trading price at the time. When considering the largest shareholder of ASTAR is an affiliate of DHL, the largest customer of ABX, a merger seemed likely to produce meaningful synergies. The Board of Directors rejected ASTAR’s offer without disclosing to shareholders the opinion of the Company’s financial advisor, thus providing shareholders no basis for the Board’s decision. |
