YRC Worldwide Comments On ABF Combination Proposal
OVERLAND PARK, Kan., May 9, 2013
OVERLAND PARK, Kan., May 9, 2013 /PRNewswire/ --YRC Worldwide Inc. (NASDAQ:
YRCW) confirms that it had made a preliminary proposal to acquire Arkansas
Best Corp. In response, President and CEO Judy McReynolds stated that she had
shared the proposal and discussed it with the company's board of directors but
declined to enter into talks with YRCW because "timing was not right to
consider such a transaction." James Welch, chief executive officer of YRCW,
said, "Our board and management believed then and believes now that the
combination of Arkansas Best and YRCW would be in the best interests of all
employees, customers and shareholders of both companies. We remain committed
to continuing the great strides we have made at YRCW."
About YRC Worldwide
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park,
Kan., is the holding company for a portfolio of successful brands including
YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn, and provides
China-based services through its JHJ joint venture. YRC Worldwide has one of
the largest, most comprehensive less-than-truckload (LTL) networks in North
America with local, regional, national and international capabilities. Through
its team of experienced service professionals, YRC Worldwide offers
industry-leading expertise in heavyweight shipments and flexible supply chain
solutions, ensuring customers can ship industrial, commercial and retail goods
with confidence. Please visit www.yrcw.com for more information.
Follow YRC Worldwide on Twitter: http://twitter.com/yrcworldwide
Investor Contact: Stephanie Fisher
Media Contact: Suzanne Dawson
LAK Public Relations, Inc.
SOURCE YRC Worldwide
Press spacebar to pause and continue. Press esc to stop.