Amazon Acquiring Nearly 20% of Cargo Carrier Air Transport Services Group

Eric Volkman, The Motley Fool
·2-min read
Amazon Acquiring Nearly 20% of Cargo Carrier Air Transport Services Group

Bolstering its ever-important logistics efforts, Amazon (NASDAQ: AMZN) has exercised options to acquire a pack of shares in air cargo operator Air Transport Services Group (NASDAQ: ATSG). The giant retailer pulled the trigger on over 14.4 million shares of Air Transport Services' common stock by exercising several warrants. According to the latter company, Amazon still holds warrants sufficient to give it a shareholding of under 40%.