Special Meeting of Stockholders (the “Special Meeting”) of YRC Worldwide Inc. (the “Company”), to be held at the Company’s General Office, 10990 Roe Avenue, Overland Park, Kansas 66211, on September 16, 2011 at 10:00 a.m., Central time.
As is described more fully in the proxy materials, we have entered into a number of related transactions designed to improve our balance sheet and the liquidity available to us to operate our business. Stockholders will be asked to vote on a merger agreement (the “Merger Agreement”) pursuant to which a wholly owned subsidiary of the Company will be merged with and into the Company with the Company as the surviving entity, in connection with which the Company’s certificate of incorporation will be amended and restated to, among other things,
increase the amount of authorized common shares (the “Charter Amendment Merger”). Upon completion of the Charter Amendment Merger, the Series B Convertible Preferred Stock issued in the financial restructuring
will automatically convert into our common stock, and certain of our debt securities issued in the financial restructuring will have voting and conversion rights as set forth in the indentures governing such debt securities. Each share of capital stock, including common stock, of the Company issued and outstanding immediately prior to the effective date of the Charter Amendment Merger will remain issued and outstanding immediately following the Charter Amendment Merger, upon which the Series B Convertible Stock will be converted into our common stock.
http://investors.yrcw.com/secfiling.cfm?filingid=1193125-11-226267 Gruß,
T.
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