Reported about 9 hours ago
Shares of Forward Air (FWRD) have dropped over 80% since the announcement of its merger with Omni Logistics in August 2023, following reports that a potential buyout is now unlikely. Trading saw a significant decline of over 20% on Monday due to disappointing bids from private equity firms. Investors are urging a strategic review due to concerns over the merger's impact on the company's debt and competitiveness. Forward is set to report its third-quarter results on November 5.
Source: YAHOO