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-0.00313301053830816 -0.0034178296781543 0.00512674451723155 0.0108231273141556 0.0508402164625464 0.0469951580746228 0.0481344346340075 0.0501281686129309
Stock impact report

Forward Air ticks higher as activist Alta Fox pushes for strategic review [Seeking Alpha]

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: Seeking Alpha
"We expect a public announcement from Forward Air regarding the initiation of a formal strategic review imminently," Alta Fox Managing Partner Connor Haley wrote in a letter t o the Forward Air board on Monday. "Should this Board fail to act, each of you should expect to be held accountable at the upcoming Annual Meeting of Shareholders for the lasting damage your inaction will have on the Company and its stakeholders. Alta Fox said it owns an over 3% stake in Forward Air ( FWRD The Alta Fox push comes after fellow activist Ancora Holdings in August urged Forward Air ( FWRD ) to start a strategic review and evaluate a sale. Ancora, which has a 4% stake in Forward Air ( FWRD ), hinted that it could initiate a proxy contest to "replace several board members" if the company doesn't start a review. Also in August, Clearlake Capital, Forward Air's second-largest biggest with a 13.8% stake, said in a regulatory filing that it may engage with management, the board and others to discus Show less Read more
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