YRC Worldwide (YRCW) Future Uncertain Following IBT Vote; Better LTL Plays Abound - Deutsche Bank
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YRC Worldwide (YRCW) bank meeting has been cancelled - Bloomberg
January 10, 2014 8:26 AM ESTYRC Worldwide (NASDAQ: YRCW) bank meeting has been cancelled, according to Bloomberg headlines.... More
YRC Worldwide (YRCW) Discloses Portions of Investor Presentation Ahead of IBT Vote
January 10, 2014 7:15 AM ESTAs previously announced, on December 23, 2013, YRC Worldwide Inc. (Nasdaq: YRCW) announced that it had executed stock purchase agreements with certain investors (the Investors) pursuant to which it has agreed to sell (the Sales), in the aggregate, a combination of shares of Common Stock, par value $0.01 per share (the Common Stock), and shares of the Companys new Class A Convertible Preferred Stock, par value $1.00 per share (the Preferred Stock), for an aggregate purchase price of $250.0 million in cash. The Company intends to use the proceeds therefrom to repay indebtedness. In addition, certain existing holders of the Companys 10%... More
YRC Worldwide (YRCW) Will 'Explore Options' Following Unsuccessful IBT Vote
January 10, 2014 6:16 AM ESTThe International Brotherhood of Teamsters announced earlier Thursday that employees did not approve the Memorandum of Understanding (MOU) extension proposal made by YRC Worldwide Inc. (Nasdaq: YRCW). Company officials are in contact with Teamster leaders to explore options.
"While we are... More
YRC Worldwide (YRCW) union rejects labor contract extension, union says
January 9, 2014 5:28 PM ESTYRC Worldwide (NASDAQ: YRCW) union rejects labor contract extension, union says. Headlines come from Bloomberg Thursday night.... More
Teamsters Vote on YRC Worldwide (YRCW) Contract Extension Still Uncertain - Analyst
January 9, 2014 1:58 PM ESTStifel Nicolaus analyst David Ross commented the Teamsters' ongoing vote for a contract extension with YRC Worldwide (Nasdaq: YRCW).
Ross sees more downside in YRC Worldwide from a No vote, given that the Company's plan of refinancing was... More
