Yellow creditors' battle over $550M-plus carcass heats up [Yahoo! Finance]

ArcBest Corporation (ARCB)
Last arcbest corporation earnings: 1/30 04:05 pm
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Source: Yahoo! Finance
The bankrupt less-than-truckload carrier's unsecured creditors told a federal bankruptcy court in Delaware on Monday that it would submit its own plan in the coming days. Counsel for Yellow ( OTC: YELLQ ) said it didn't have the votes to proceed on its previously proposed plan but that it was still hopeful the parties could come to terms. Yellow's largest shareholder, MFN Partners, which now owns two pension claims stemming from the company's abrupt withdrawal from the plans in 2023, and the Milbank Group, which represents six other multiemployer pension claimants, are the known holdouts. “Any plan that isn't supported by MFN and the Milbank Group is going to be hotly contested. It's going to be heavily litigated,” said Patrick Nash, partner at Kirkland & Ell
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ARCB
News
- ArcBest Co. (NASDAQ: ARCB) had its price target lowered by analysts at Wells Fargo & Company from $96.00 to $80.00. They now have an "equal weight" rating on the stock.MarketBeat
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- ArcBest Co. (NASDAQ: ARCB) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $126.00 to $108.00. They now have a "neutral" rating on the stock.MarketBeat
ARCB
Earnings
- 1/31/25 - Beat
ARCB
Sec Filings
- 3/14/25 - Form ARS
- 3/14/25 - Form DEFA14A
- 3/14/25 - Form DEF
- ARCB's page on the SEC website