Glass Lewis joins ISS in recommending Forward Air shareholders 'vote against three unfit legacy directors'
PRESS RELEASE Glass Lewis Joins ISS in Recommending Forward Air Shareholders Vote AGAINST Three Unfit Legacy Directors at ...
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Several downgrades later from sell-side analysts…
… in a surprisingly short timeframe, within 24 hours from disclosing a very ambitious plan on Thursday 10 August, Forward Air Corp (Forward) at the end of Friday was worth about $800m* less than it was before its Omni Logistics cash-and-stock tie-up was disclosed.
(*Unaffected closing price 9 August: $110. Total shares outstanding as of 2 August were 25.695m: Forward’s market cap of $2.8bn, at $110 a share, has fallen to $1.995bn. Paper ...
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