YRCW News? Can anyone verify?
YRCW Confirms Receipt Of Takeover Offer From Investor Group Led By Federal Express - Quick Facts
(RTTNews) - YRC Worldwide, Inc. (YRCW) confirmed Friday that it has received a proposal from Federal Express led by Simon Fuller to acquire YRC. The company said its Board of Directors is evaluating the proposal, as well as other potential strategic alternatives for the company, and has retained Gleacher & Company as financial advisor and Wachtell, Lipton, Rosen & Katz as legal advisor to assist in the evaluation. YRCW cautioned, however, that there can be no assurance that it will enter into any agreement with respect to any transaction, or as to the timing or terms thereof, including price. YRCW said it does not expect to make any additional statements or provide any further information regarding the status of any discussions or any possible transaction unless a definitive agreement is entered into or adopted. For comments and feedback: contact editorial@rttnews.com |