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© Pavel Nadelyayev

A majority of Atlas Air shareholders yesterday voted in favour of selling the company to an Apollo-led investor group, despite a series of court cases against the carrier’s board, alleging violations of the Securities Act in the merger proposal.

Atlas said 99.35% of the votes cast in the special stockholders meeting were in favour of the merger, representing some 80.9% of the shares.

However, earlier this month, Atlas took sufficient notice of the cases against it to notify the US Securities and ...

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