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MagicCap

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MagicCap

Re: None

Thursday, 05/09/2013 10:26:41 AM

Thursday, May 09, 2013 10:26:41 AM

Post# of 24405
http://finance.yahoo.com/news/yrc-worldwide-comments-abf-combination-140500093.html

Anyone have any insight on how this could have even been possible given debt covenants and what not?

I guess if the union is a large debt holder then they would back it regardless of the cash crunch it would cause??? If ABFS got the same deal that YRCW got by merging then ABFS would have been hugely profitable. Now that ABFS got a deal with the union separately and is continuing to operate independently wouldn't that hurt YRCW a little? Just thinking out loud here.
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