Yellow | YRC Worldwide Extends Debt-for-Equity Offers

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YRC Worldwide Extends Debt-for-Equity Offers
PR Newswire
posted: ONE MINUTE AGO



OVERLAND PARK, Kan., Dec. 16 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) announced today that it has extended the expiration date for the exchange offers until 11:59 p.m., New York City time, on December 17, 2009, unless further extended. The staff of the U.S. Securities and Exchange Commission ("SEC") has informed the company that the staff does not have further comments to the company's Registration Statement on Form S-4 relating to the exchange offers or other filings with the SEC currently under review, and as a result the company expects that the SEC will declare the registration statement effective shortly. The company is in constructive discussions with its stakeholders related to the exchange offers. The exchange offers include each of the following outstanding series of notes:

http://www.prnewswire.com/news-releases/yrc-worldwide-extends-debt-for-equity-offers-79404342.html
 
So 20% short.The SEC will consider the deal Null and Void:I.E.DEAD. Looks like the 'HAIL MARY" has failed? Lets see what Dollar Bill will say now!!!!
 
2 days ???????//

What makes you think they won't continue extending until they are forced to file ??

My thought is BK on or before Dec. 23, 2009. Save themselves a big chunk of change not paying Xmas eve, Xmas day and New Years.

I've been wrong before !
 
RV, not a bad thought, banks surely see the writing on the wall, why wouldnt they close up shop prior to holidays so they could keep the money needed to float the holiday pay? Keep voting bondholders, youll get it right soon haha. I said it before but BZollars is a joke, the teamsters and the bondholders have told you no repeatedly Bill. Get your ears on
 
2 days ???????//

What makes you think they won't continue extending until they are forced to file ??

My thought is BK on or before Dec. 23, 2009. Save themselves a big chunk of change not paying Xmas eve, Xmas day and New Years.

I've been wrong before !

Interesting thought...Is the last week of Dec.'09 the start of Fiscal 1st Q '10 for YRCW?...Jan 1st is on a Friday...
 
If they do not get the votes needed does this mean 100% BK? If they do file it does not mean the end of YRC, right? They will still be able to operate and make pick ups won't they...
 
Our Non Union Rivals best start looking at their predatory priceing because the Sleeping Giant may just awake to wreck havoc on them!!!!!!
 
The largest animals require the most food to live and in the hard times where food is not plentiful these beasts can die a slow painful death. If the animal can evolve to a smaller size over time and develop additional skills at hunting they can grow to be the strongest viable animal and feared by other animals.
 
They will extend til the 95% agree....75% to date...YRCW,the cat with 9 lives....

Felix the Cat, to be exact.
With his wonderful magical bag of tricks!!! :clap:

I said it before, if YRC pulls through this, $$Bill will look like a genius, and YRC will be a lean mean shipping machine.
 
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