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BUSINESS BRIEFS.(TO THE POINT)
TRANSPORTATION
Yellow Roadway to buy rival USF
The trucking firm will buy its competitor in a deal worth $1.37 bil in cash and stock; Yellow Roadway will also assume an expected $99 mil in USF debt. Yellow will pay $639 mil cash, and value a USF share at nine-tenths a Yellow share; its shares closed at $61.31 on Fri. Both companies' boards unanimously approved the deal, which needs shareholder approval. Yellow fell 6% to 57.75; USF surged 23% to 47.80.
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- UPDATE 2-Yellow Roadway buying USF for $1.47 billion.
- News wire article from: The America's Intelligence Wire February 28, 2005 700+ words
...MarketWatch) -- Yellow Roadway Corp. will buy fellow...0.9024 shares of Yellow Roadway stock for each USF share. Yellow's shares fell in pre-open trading...statement. "USF provides Yellow Roadway with immediate and...
- Troubled Yellow Roadway unit on mend: CEO.(chief executive officer)(Brief...
- Newspaper article from: The Journal of Commerce Online February 5, 2004 700+ words
...executive of newly-merged trucker Yellow Roadway Corp. said its troubled Roadway...The Miami-based company's shares fell 20% last week after strong results...Parcel Service and FedEx Corp. Yellow Roadway Chief Executive Bill Zollars...
- Yellow Roadway stock falls sharply after USF earnings announcement.
- News wire article from: Kansas City Star (Kansas City, MO) April 9, 2005 700+ words
...Apr. 9--Shares of Yellow Roadway Corp., which is buying...quarter earnings. Yellow Roadway, based in Overland...from Thursday. USF shares fell $2.83, or 5.8...2004 first quarter. Yellow Roadway issued a statement...
- Yellow Roadway shares fall sharply.
- News wire article from: Kansas City Star (Kansas City, MO) April 9, 2005 700+ words
...Apr. 9--Shares of Yellow Roadway Corp., which is buying...quarter earnings. Yellow Roadway, based in Overland...from Thursday. USF shares fell $2.83, or 5.8...2004 first quarter. Yellow Roadway issued a statement...
- UPDATE 3-Yellow Roadway buying USF for $1.47 billion.
- News wire article from: The America's Intelligence Wire February 28, 2005 700+ words
...MarketWatch) -- Yellow Roadway Corp. will buy fellow...rumored for weeks. Yellow Roadway, based in Overland...million in USF debt. Yellow Roadway said it will offer...share. Yellow's shares fell in early trading by...
- UPDATE 4-Yellow Roadway buying USF Corp. for $1.47 billion.
- News wire article from: The America's Intelligence Wire February 28, 2005 700+ words
...trucking company USF Corp., Yellow Roadway Corp. is expanding into...each USF share. Yellow's shares fell in afternoon trading by...the new president of the Yellow Roadway regional companies, said...This is an area where Yellow Roadway has not had a significant...
- UPDATE 5-Yellow Roadway buying USF Corp. for $1.47 billion.
- News wire article from: The America's Intelligence Wire February 28, 2005 700+ words
...trucking company USF Corp., Yellow Roadway Corp. is expanding into...each USF share. Yellow's shares fell in Monday trading by $3...the new president of the Yellow Roadway regional companies, said...This is an area where Yellow Roadway has not had a significant...
- UPDATE 8-Yellow Roadway sets upbeat after-hours tone.
- News wire article from: The America's Intelligence Wire July 8, 2004 700+ words
...Thursday's close with Yellow Roadway's raised expectations...Titan rise on updates Yellow Roadway shares surged 5 percent...following its warning as shares fell 8 percent. The software...greatest volume early, as shares fell nearly 8 percent in...
- UPDATE 6-Yellow Roadway sets upbeat after-hours tone.
- News wire article from: The America's Intelligence Wire July 8, 2004 700+ words
...Thursday's close with Yellow Roadway's raised expectations...Titan rise on updates Yellow Roadway shares surged 5 percent...following its warning as shares fell 8 percent. The software...greatest volume early, as shares fell nearly 8 percent in...
- UPDATE 7-Yellow Roadway sets upbeat after-hours tone.
- News wire article from: The America's Intelligence Wire July 8, 2004 700+ words
...Thursday's close with Yellow Roadway's raised expectations...Titan rise on updates Yellow Roadway shares surged 5 percent...following its warning as shares fell 8 percent. The software...greatest volume early, as shares fell nearly 8 percent in...