Airborne in Talks to Sell Operations to DHL
- Share via
From Associated Press
Airborne Inc. said it is negotiating to sell its ground operations to Germany’s DHL Worldwide Express for cash at a premium over the express mail company’s current stock price.
Seattle-based Airborne was worth more than $800 million at Friday’s closing stock price.
Airborne shares rose $1.36, or 8.2%, to $18.05 on the New York Stock Exchange.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
