Rabu, 17 Februari 2010

YRC shareholders approve stock deal

Clears way for $70 million private placementNewly issued stock eligible for the Nasdaq exchangeStock plunges about 29 pctYRC Worldwide said on Wednesday that shareholders had agreed to a series of measures aimed at giving former debt holders equity control and helping the troubled U.S. trucking giant regain its financial footing.The approvals, the latest moves in a broad financial restructuring

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