Kamis, 21 Januari 2010

YRC sets special shareholders meeting: Trucking company hopes to make $470 million debt-for-equity exchange official next month

YRC Worldwide Inc. intends to make its successful debt-for-equity swap official on Feb. 17.That's when the struggling trucking company and parent of the former Roadway Corp. in Akron has scheduled a special shareholders meeting to consummate parts of its $470 million debt-for-equity exchange that bondholders approved on Dec. 31.The move likely averted a bankruptcy filing for the Overland Park,

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