YRC WORLDWIDE Treasury Stock Purchases 2005 to 2007
When Yellow Transportation acquired Roadways in 2003 and USF in 2005, excess funds were not spent to integrate the firms together and/or to simplify the network. Nor were funds used to buy back the 8.25% Roadway bonds that were due 12-01-2008.
Instead YRC WWORLDWIDE INC, now YRC WORLDWIDE INC., bought back $50 million worth of stock in 2005, $20 million in 2006, and $35 million in 2007. That's before the reverse stock splits in 2010 and 2011. The $105,000,000 worth of stock purchased would now be worth less than $10,000, taking into account the 1:25 reverse stock split in 2010, the 1:300 stock split in 2011, and the fall in the price of YRCW stock.
After 2009, the official name of YRC WORLDWIDE INC is YRC WORLDWIDE INC. -- there's a period after INC. in the official name of the company.
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