ABX shareholders OK name change, "poison pill" measure - Business First of Columbus:

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a title the business says reflects its expanded operationsa after arecent acquisition. Approval, whicuh took place at the cargo carrier'sa annual meeting in its home cityof Wilmington, comesd about five months after ABX (NASDAQ:ABXA) boughy Orlando, Fla.-based . The $259 millionn deal brought ABX 23 aircraft, adder to its fleet of more than 100. Shareholderss also approved a Teamsters-sponsored proposal, which the company'ds board had urged them to that called for the board to nullifyits so-calledc "poison pill" anti-takeover defense and to submir any future poison pills to a shareholder vote.
The labor whose Local 1224 affiliat e represents pilots of subsidiaryABX Air, had arguede the poison pill unduly insulates the board from shareholded interests. It cited the board's rejection of a potentialp $7.75-a-share buyout offer from Miami-based last a decision the union contends theboard didn't adequately explain. The union has questioned management's long-term strateghy during a campaign leading up to the meetinvg that included ads in national The company opposed the saying the poison pill forces suitors to negotiats withthe board, which allows it to better represent the interests of all shareholders. ABX operates a fleet of 135 aircraft at14 U.S.
The company in 2007 recorded profityof $19.6 million on $1.17 billion in revenue.