News Formal

How a Trucking Company Ran Over Its Own Stock

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Forward Air’s shareholders are enraged after the boss agreed to a merger that forces them to vote for their own dilution. Executives have snapped up $2.3 million in shares to show their faith in the deal.

Forward Air’s shareholders are enraged after the boss agreed to a merger that forces them to vote for their own dilutionShares in trucking company Forward Air are down 40% in value following the announcement of a merger with Omni Logistics. PHOTO: DAKOTA SMITH/ALAMY

It isn’t often that relations between investors and a company get so strained that the stock falls almost 40%. But using financial engineering to deny shareholders a vote in a huge, controversial merger that dilutes their stake will do the trick.Continue reading your article with

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Serenity Shield Wins 'Best Technology Company' at the 6th Annual Burj CEO AwardsSerenity Shield, a front-runner in technological innovation and disruptive solutions, proudly announces its win for 'Best Technology Company' at the
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Biotech Company Says It's Implanted Dopamine-Making Cells in Patients' BrainsA California-based biotech company says it has successfully implanted lab-made neurons in Parkinson's patients' brains to stimulate dopamine.
Source: futurism - 🏆 85. / 68 Read more »