Forward Air retains investment bankers to sell company, sources say [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
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Source: Yahoo! Finance
sales process, people close to the matter have told FreightWaves. Pressure on the expedited trucking company's board to sell has mounted in recent weeks in the wake of a messy merger with freight forwarder Omni Logistics. An Oct. 7 letter from activist investor Alta Fox, which holds a 3% stake in Forward ( NASDAQ: FWRD ), called on the company to initiate a sales process. The letter said holders of approximately 25% of its stock were also seeking a change to correct Forward's “misguided capital allocation and reckless oversight.” Clearlake Capital, a 14% equity holder in Forward, changed its filing status from passive to activist with the Securities and Exchange Commission in August. Irenic Capital and Ancora Advisors, which combined hold a 7% share, have made similar calls for change. Some holders have said a sale to private equity could garner a premium to the current share price of $36.56 (as of 3:40 p.m. EDT on Thursday). Forward's stock started to fall shortly after the dea
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News
- Forward Air Raises $350,000 for Veterans at Annual Drive for Hope Golf Tournament [Yahoo! Finance]Yahoo! Finance
- Forward Air Raises $350,000 for Veterans at Annual Drive for Hope Golf TournamentBusiness Wire
- Story of the year … so far [Yahoo! Finance]Yahoo! Finance
- Forward Air Co. (NASDAQ: FWRD) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Forward Air names new chief commercial officer [Yahoo! Finance]Yahoo! Finance
FWRD
Earnings
- 11/4/24 - Miss
FWRD
Analyst Actions
- 10/21/24 - Stifel
FWRD
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 424B3
- 11/8/24 - Form 8-K
- FWRD's page on the SEC website