Air T terminates stockholder rights plan

Board of directors of Air T, Inc. (NASDAQ: AIRT) has voted to amend Air T´s stockholder rights plan to terminate the preferred share purchase rights, the company said.

In connection with the expiration of the preferred share purchase rights, Air T will take routine actions to voluntarily deregister the preferred share purchase rights under the Securities Exchange Act of 1934, and to delist the preferred share purchase rights from the NASDAQ Stock Market.

Air T, Inc. is a diversified holding company with four core industry segments: overnight air cargo, aviation ground support equipment manufacturing, aviation ground support maintenance services, and aircraft engine aftermarket and surplus parts.