YRCW Receives Stakeholders’ Consent
The world’s leading transportation service provider, YRC Worldwide (NASDAQ:YRCW), received approval from its existing shareholders to issue fresh shares in the market for restructuring its sagging finances. Earlier, in April 2011, YRC Worldwide entered into a deal with its creditors and labor union Teamsters Brotherhood to reconsider its financial position. The lenders are expected to [...]
The world’s leading transportation service provider, YRC Worldwide (NASDAQ:YRCW), received approval from its existing shareholders to issue fresh shares in the market for restructuring its sagging finances.
Earlier, in April 2011, YRC Worldwide entered into a deal with its creditors and labor union Teamsters Brotherhood to reconsider its financial position. The lenders are expected to inject fresh capital in return of equity capital and convertible debts. If this deal succeeds, the lenders will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards