Forward Air to call off Omni Logistics deal?

SEEKING ALPHA writes:

Forward Air Corp. (NASDAQ:FWRD) surged 16% in premarket trading after the company said it’s considering exercising its right to terminate its ~$3.2 billion merger agreement with Omni Logistics.

[Editor’s note at the time of publishing, pre-market: NOT SO FAST…]

Forward Air (FWRD) said it believes the closing condition contained in a section of the merger agreement hasn’t been satisfied, and Forward will not be obligated to close the deal, according to a statement on Thursday.

Forward Air (FWRD) also announced that ...