World Air discussion set for July 18

Tue, 06/26/2007 - 4:38pm
By: The Citizen

Peachtree City’s World Air Holdings, announced that a special meeting of World Air Holdings stockholders is at 10 a.m., July 18 at World Air Holdings' offices at 101 World Dr. in Peachtree City in connection with the pending acquisition of World Air Holdings by Global Aero Logistics.

At the special meeting, World Air Holdings stockholders will be asked to consider and vote on a proposal to adopt the agreement and plan of merger proposed April 5 among Global Aero Logistics Inc., Hugo Acquisition Corp. and World Air Holdings Inc., providing for the acquisition of World by Global.

If the merger is completed, World will become an indirect wholly owned subsidiary of Global and World's stockholders will be entitled to receive $12.50 in cash, without interest and less any applicable withholding taxes, for each share of World's common stock owned by them and will cease to have an ownership in World.

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