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Stock impact report

Forward Air talks Omni integration, silent on rumors it's up for sale [Yahoo! Finance]

Forward Air Corporation (FWRD) 
Last forward air corporation earnings: 4/30 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: forwardair.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
its legacy expedited less-than-truckload services with its acquired air and ocean freight forwarding business . During opening comments on a Monday evening call, management told analysts it would not comment on “rumors or speculation” that the company was up for sale following its publicly panned merger with Omni. When the deal was announced in August 2023, some shareholders were miffed they were cut out of a voting process and attempted to block the transaction in court . Since the January close, which added significant debt to Forward's balance sheet, activists have been calling for Forward's board to explore strategic alternatives including a sale of the company. The group is hoping that private ownership can fix Forward's balance sheet and allow the company to formulate a marketing strategy away from public scrutiny. Forward ( NASDAQ: FWRD ) reported a net loss of $2.62 per share for the third quarter. However, the result included a goodwill impairment charge as the acquired a Show less Read more
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