Selasa, 03 Mei 2011

YRC restructuring infuses company with millions in capital

Deal will drive down value of company's existing shares.YRC Worldwide Inc.'s long-awaited next step in its restructuring plan, announced late Friday, infuses the troubled less-than-truckload carrier with more than $100 million in needed liquidity. The deal, however, will dilute the value of the company's existing stock to just pennies per share.The agreement, approved virtually unanimously by the

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