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Non-Tech : Airborne Freight (ABF) is taking off -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (207)12/2/1999 7:08:00 PM
From: Roger Zucchet  Respond to of 220
 
Actually, UPS plans to buy back stock from employees, according to their S-1: "Within several months after the offering, we intend to use the net proceeds of this offering to fund a cash tender offer for some of our class A-1 common stock."

Notwithstanding the foregoing, UPS could always use their stock to acquire another company. A nice move in ABF today when most of the other transports were weak. I keep seeing rumors about DHL as a suitor to ABF.


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