Conway bought out by XPO

Discussion in 'LTL and Local Delivery Trucking Forum' started by Apd, Sep 9, 2015.

  1. WOODY001

    WOODY001 Bobtail Member

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    Oct 3, 2015
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  3. the05boss

    the05boss Bobtail Member

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    Jul 3, 2013
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    The deal is not final yet, XPO seems to be having some other legal issues that could halt this whole thing.
     
  4. FreightlinerGuy

    FreightlinerGuy Medium Load Member

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    It would be hilarious for the whole thing to be halted... But it also would suck because then we drivers wouldnt really know what the heck to do. There is a 4**,***,*** break up fee if it doesn't happen .
     
  5. upnorthwpg

    upnorthwpg Road Train Member

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    Just regulatory. One issue with the Mexican gov't, one with the anti trust board.
     
  6. FreightlinerGuy

    FreightlinerGuy Medium Load Member

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    Any idea what it means that the tender offer extension expired Friday at midnight and hasn't been extended again?

    Whats next?
     
  7. Opus

    Opus Road Train Member

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  8. upnorthwpg

    upnorthwpg Road Train Member

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    They received unsolicited offers from bottom feeders looking for a deal. They are not looking to sell, we will see if they hold to the promise they made to keep things the same for one year.
     
  9. upnorthwpg

    upnorthwpg Road Train Member

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    They only got 66.2 percent of the stock on the first go. That's why the extension.
     
  10. radioshark

    radioshark Road Train Member

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    I'm sure one them was cleadon who would fire all the drivers and let you reapply after dropping your health insurance
     
  11. Opus

    Opus Road Train Member

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    Oh sure......I mean why would they lie?
     
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