Another Activist Pushes Forward Air to ‘Do the Right Thing,' Pursue Sale [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
Company Research
Source: Yahoo! Finance
On Oct. 7, asset management firm Alta Fox called on Forward Air to initiate a strategic review resulting in a sale of the business. The firm, which owns more than 3 percent of Forward Air, called on the company to “do the right thing by listening to resounding investor feedback and executing a formal sales process that maximizes value for all shareholders.” More from Sourcing Journal Alta Fox noted that among itself, Ancora Holdings , Clearlake Capital Group and Irenic Capital Management, roughly 25 percent of Forward Air's outstanding shares have publicly voiced support for exploring strategic alternatives. A report from FreightWaves on Thursday indicated that the logistics services provider has retained two unnamed investment banking firms to lead a sales process. In the wake of the FreightWaves report, company stock popped nearly 11 percent to $40.50 per share through after-hours trading. On Friday morning, financial services company Jefferies adjusted its one-year price tar
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News
- Forward Air Releases 2024 Environmental, Social and Governance Report [Yahoo! Finance]Yahoo! Finance
- Forward Air Releases 2024 Environmental, Social and Governance ReportBusiness Wire
- Freight Forwarding Global Industry Report 2024, Competitive Benchmarking of the Top 730 Companies [Yahoo! Finance]Yahoo! Finance
- Pitt Ohio adds Midwest carrier Sutton Transport to network [Yahoo! Finance]Yahoo! Finance
- Fireside Chat: Transportation M&A projected to rebound in 2025 [Yahoo! Finance]Yahoo! Finance
FWRD
Earnings
- 11/4/24 - Miss
FWRD
Analyst Actions
- 10/21/24 - Stifel
FWRD
Sec Filings
- 12/16/24 - Form 4
- 12/16/24 - Form 3
- 12/6/24 - Form 424B3
- FWRD's page on the SEC website