Brief: Forward Air Corporation Provides Omni Transaction Update

Forward Air (Delaware)

26/10/2023 12:46

Oct 26 (Reuters) - Forward Air Corp  FWRD.O :
    * FORWARD AIR CORPORATION PROVIDES OMNI TRANSACTION UPDATE
    * FORWARD AIR CORP: WITHDRAWING ITS PREVIOUS 2024 TARGET FOR
ADJUSTED EBITDA FOR COMBINED COMPANY AND ANY OTHER RELATED
TARGETS
    * FORWARD AIR CORP - FORWARD BELIEVES THAT OMNI HAS NOT
COMPLIED
WITH CERTAIN OF ITS OBLIGATIONS
    * FORWARD AIR CORP: BELIEVES CLOSING CONDITION CONTAINED IN
SECTION 8.02(B) OF MERGER AGREEMENT WILL NOT BE SATISFIED
    * FORWARD AIR: CONSIDERING ITS RIGHTS & OBLIGATIONS UNDER
MERGER
AGREEMENT, INCLUDING POTENTIALLY TERMINATING MERGER

Source text for Eikon:  ID:nBwc86qQ7a 
Further company coverage:  FWRD.O 

 ((Reuters.Briefs@thomsonreuters.com))