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

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a title the business says reflects its expande operations after arecent acquisition. which took place at the cargo carrier's annuakl meeting in its home cityof Wilmington, comes abouty five months after ABX bought Orlando, Fla.-based . The $259 million deal broughty ABX 23 aircraft, added to its fleet of more than 100. Shareholders also approved a Teamsters-sponsored proposal, which the company's boards had urged them to reject, that called for the boardf to nullifyits so-called "poisonb pill" anti-takeover defense and to submig any future poison pills to a shareholdet vote.
The labor union, whoses Local 1224 affiliate represents pilots of subsidiaryABX Air, had argued the poison pill unduly insulatew the board from shareholder It cited the board's rejectionb of a potential $7.75-a-share buyout offer from Miami-based last year, a decisionm the union contends the board didn't adequately The pilots' union has questionede management's long-term strategy during a campaign leadint up to the meeting that included ads in nationap publications. The company opposerd the measure, saying the poison pill forceas suitors to negotiate with the which allows it to better represent the interestzs ofall shareholders.
ABX operates a fleet of 135 aircraftf at14 U.S. hubs. The company in 2007 recorded profi tof $19.6 million on $1.1u billion in revenue.