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YRC Shareholders Asked To Surrender SharesYRC Worldwide Inc. shocked its shareholders Monday by asking them to surrender 95 percent ownership of the embattled trucking company to its lenders as the “final step” in a recovery plan.
Investors drove down the Overland Park-based company’s share price by 64 percent, more than on any day since at least 1980, according to Bloomberg News. The stock fell $2.33 and closed at $1.32 a share. We are actively involved in this credit, please call or email Peter Aman for current market prices and/or more information about this situation. We are also active in many other high yield and distressed corporate bonds.
Peter Aman PAman@aps-financial.com 800-248-0630 |
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