Deal talk, new partners and codswallop in logistics
It’s a wrap…
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Dreamstime.com
Monday 22 January was eventful for the core shareholders of Forward Air (FWRD) as well as M&A arbitrageurs, the speculators.
Out of the gate, FWRD rallied hard on the stock market as some sort of settlement was thought to have been reached, one possibly leading, based on the available information, to the end of the combination with private equity-owned Omni Logistics.
That was Mr Market’s first take too, judging by the stock price reaction.
Forward Air’s value rose +19.2% from open to peak, ...
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