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dokman

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From the 8-K here : YRC Worldwide - Current Report

Everyone needs to click on link and read first 8 to 10 pages look for MERGER and IBT. Some one is going to get merged into parent company and IBT will get shares and new Employee stock plan,
 
Didn't we go over this in another forum ? You seem to be stuck on the word " merger " so I will try it again . Please read this from the 8-K and you will see they are " merging " the old company YRCW into the new company YRCW . The full 8-K can be found here YRC Worldwide - Current Report

Promptly following completion of the Exchange Offer, the Company shall cause a meeting of its stockholders (the “ Company Stockholder Meeting ”) to be duly called and held as soon as reasonably practicable for the purpose of voting on a merger (the “ Merger ”) of a wholly owned subsidiary of YRCW with and into YRCW with YRCW as the surviving entity, in accordance with the terms of the Merger Agreement. YRCW’s board of directors shall recommend approval of the Merger to its stockholders in the Merger Proxy Statement (as defined below). Following the completion of the Exchange Offer, YRCW shall (i) promptly prepare and file with the SEC, use its commercially reasonable efforts to have cleared by the SEC and thereafter mail to its stockholders as promptly as reasonably practicable a proxy statement relating to the Merger (the “ Merger Proxy Statement ”) and all other proxy materials for such meeting, (ii) use its commercially reasonable efforts to obtain the required affirmative vote of its stockholders to approve the Merger and adopt each of (x) the New Certificate of Incorporation and (y) the Merger Agreement, and (iii) otherwise comply with all legal requirements applicable to the Company Stockholder Meeting. The Merger Proxy Statement and any amendments or supplements thereto, when filed, shall comply as to form in all material respects with the applicable requirements of the Exchange Act. In connection with the Merger, the Company shall promptly file with the Secretary of the State of Delaware (A) the New Certificate of Incorporation, (B) the Merger Agreement and (C) such other filings as reasonably necessary to consummate the Merger.

dokman said:
From the 8-K here : YRC Worldwide - Current Report

Everyone needs to click on link and read first 8 to 10 pages look for MERGER and IBT. Some one is going to get merged into parent company and IBT will get shares and new Employee stock plan,
Click to expand...
 
Old YRCW into new YRCW? I don't see that written there? - voting on a merger (the “ Merger ”) of a wholly owned subsidiary of YRCW with and into YRCW with YRCW as the surviving entity, in accordance with the terms of the Merger Agreement.-- or Are they saying they are shutting down YRCW as we know it, thus making shares worthless(like they weren't already)and issuing new shares for the new company. - If so, I think it's pretty :shit:ty on thier part for selling us shares and then making them worthless. YES, I said selling them to us. Why, because our giveback were cash dollars,and come to find out the shares really never even existed.
 
R-14Driver said:
Didn't we go over this in another forum ? You seem to be stuck on the word " merger " so I will try it again . Please read this from the 8-K and you will see they are " merging " the old company YRCW into the new company YRCW . The full 8-K can be found here YRC Worldwide - Current Report

Promptly following completion of the Exchange Offer, the Company shall cause a meeting of its stockholders (the “ Company Stockholder Meeting ”) to be duly called and held as soon as reasonably practicable for the purpose of voting on a merger (the “ Merger ”) of a wholly owned subsidiary of YRCW with and into YRCW with YRCW as the surviving entity, in accordance with the terms of the Merger Agreement. YRCW’s board of directors shall recommend approval of the Merger to its stockholders in the Merger Proxy Statement (as defined below). Following the completion of the Exchange Offer, YRCW shall (i) promptly prepare and file with the SEC, use its commercially reasonable efforts to have cleared by the SEC and thereafter mail to its stockholders as promptly as reasonably practicable a proxy statement relating to the Merger (the “ Merger Proxy Statement ”) and all other proxy materials for such meeting, (ii) use its commercially reasonable efforts to obtain the required affirmative vote of its stockholders to approve the Merger and adopt each of (x) the New Certificate of Incorporation and (y) the Merger Agreement, and (iii) otherwise comply with all legal requirements applicable to the Company Stockholder Meeting. The Merger Proxy Statement and any amendments or supplements thereto, when filed, shall comply as to form in all material respects with the applicable requirements of the Exchange Act. In connection with the Merger, the Company shall promptly file with the Secretary of the State of Delaware (A) the New Certificate of Incorporation, (B) the Merger Agreement and (C) such other filings as reasonably necessary to consummate the Merger.
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YRC, HOLLAND, NEW PENN AND REDAWAY are all subsidiaries of YRCW I see no mention about all of them I dont see any thing about old company either. Why are they giving stock to IBT are they giving equity in exchange for debt. I dont like what I am reading not a lawyer but smart enough to see they are up to something. I have read in 10-K filing that managment are at 10% give back and we are at 15% what happened to equal sacrifice?
 
What does this say the New Certificate of Incorporation, That's what I'm talking about with old and new !

dokman said:
YRC, HOLLAND, NEW PENN AND REDAWAY are all subsidiaries of YRCW I see no mention about all of them I dont see any thing about old company either. Why are they giving stock to IBT are they giving equity in exchange for debt. I dont like what I am reading not a lawyer but smart enough to see they are up to something. I have read in 10-K filing that managment are at 10% give back and we are at 15% what happened to equal sacrifice?
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Look fellas eventually there will be only one YRCW, everyone knows or has figured they just want stop messing with thing until that happens.
 
R-14Driver said:
Didn't we go over this in another forum ? You seem to be stuck on the word " merger " so I will try it again . Please read this from the 8-K and you will see they are " merging " the old company YRCW into the new company YRCW . The full 8-K can be found here YRC Worldwide - Current Report

Promptly following completion of the Exchange Offer, the Company shall cause a meeting of its stockholders (the “ Company Stockholder Meeting ”) to be duly called and held as soon as reasonably practicable for the purpose of voting on a merger (the “ Merger ”) of a wholly owned subsidiary of YRCW with and into YRCW with YRCW as the surviving entity, in accordance with the terms of the Merger Agreement. YRCW’s board of directors shall recommend approval of the Merger to its stockholders in the Merger Proxy Statement (as defined below). Following the completion of the Exchange Offer, YRCW shall (i) promptly prepare and file with the SEC, use its commercially reasonable efforts to have cleared by the SEC and thereafter mail to its stockholders as promptly as reasonably practicable a proxy statement relating to the Merger (the “ Merger Proxy Statement ”) and all other proxy materials for such meeting, (ii) use its commercially reasonable efforts to obtain the required affirmative vote of its stockholders to approve the Merger and adopt each of (x) the New Certificate of Incorporation and (y) the Merger Agreement, and (iii) otherwise comply with all legal requirements applicable to the Company Stockholder Meeting. The Merger Proxy Statement and any amendments or supplements thereto, when filed, shall comply as to form in all material respects with the applicable requirements of the Exchange Act. In connection with the Merger, the Company shall promptly file with the Secretary of the State of Delaware (A) the New Certificate of Incorporation, (B) the Merger Agreement and (C) such other filings as reasonably necessary to consummate the Merger.
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You replaced the word "Company" with the corporate logo "YRCW". This is a play on words. We will see what comes down the pike later.
 
R-14Driver said:
OK the links right here show me where I change anything ! YRC Worldwide - Current Report
Click to expand...

Following the closing of the Exchange Offer, the Company will file a proxy statement with the SEC for the solicitation of votes to approve a merger (the “Merger”) pursuant to which a wholly owned subsidiary of the Company would merge into the Company, with the Company the surviving corporation and having an amended and restated certificate of incorporation permitting the automatic conversion of the Series B Preferred Stock into New Common Stock and providing for sufficient authorized shares of New Common Stock to permit the conversion of the New Convertible Secured Notes into New Common Stock. The Series B Preferred Stock will be permitted to vote on the Merger on an as-converted basis along with the holders of the Company’s then outstanding common stock, as a single class. The New Convertible Secured Notes would be permitted to vote on an as-converted basis with the Company’s common stock after the Merger is completed.
 
Full Deck you are not playing with a full deck ! I'm still waiting on you to find the paragraph that quoted below and show me where it's been change ! What you posted was NOT the same paragraph from the 8-k that I posted so I think your true colors have come threw !

R-14Driver said:
Didn't we go over this in another forum ? You seem to be stuck on the word " merger " so I will try it again . Please read this from the 8-K and you will see they are " merging " the old company YRCW into the new company YRCW . The full 8-K can be found here YRC Worldwide - Current Report

Promptly following completion of the Exchange Offer, the Company shall cause a meeting of its stockholders (the “ Company Stockholder Meeting ”) to be duly called and held as soon as reasonably practicable for the purpose of voting on a merger (the “ Merger ”) of a wholly owned subsidiary of YRCW with and into YRCW with YRCW as the surviving entity, in accordance with the terms of the Merger Agreement. YRCW’s board of directors shall recommend approval of the Merger to its stockholders in the Merger Proxy Statement (as defined below). Following the completion of the Exchange Offer, YRCW shall (i) promptly prepare and file with the SEC, use its commercially reasonable efforts to have cleared by the SEC and thereafter mail to its stockholders as promptly as reasonably practicable a proxy statement relating to the Merger (the “ Merger Proxy Statement ”) and all other proxy materials for such meeting, (ii) use its commercially reasonable efforts to obtain the required affirmative vote of its stockholders to approve the Merger and adopt each of (x) the New Certificate of Incorporation and (y) the Merger Agreement, and (iii) otherwise comply with all legal requirements applicable to the Company Stockholder Meeting. The Merger Proxy Statement and any amendments or supplements thereto, when filed, shall comply as to form in all material respects with the applicable requirements of the Exchange Act. In connection with the Merger, the Company shall promptly file with the Secretary of the State of Delaware (A) the New Certificate of Incorporation, (B) the Merger Agreement and (C) such other filings as reasonably necessary to consummate the Merger.
Click to expand...

FULL DECK said:
Following the closing of the Exchange Offer, the Company will file a proxy statement with the SEC for the solicitation of votes to approve a merger (the “Merger”) pursuant to which a wholly owned subsidiary of the Company would merge into the Company, with the Company the surviving corporation and having an amended and restated certificate of incorporation permitting the automatic conversion of the Series B Preferred Stock into New Common Stock and providing for sufficient authorized shares of New Common Stock to permit the conversion of the New Convertible Secured Notes into New Common Stock. The Series B Preferred Stock will be permitted to vote on the Merger on an as-converted basis along with the holders of the Company’s then outstanding common stock, as a single class. The New Convertible Secured Notes would be permitted to vote on an as-converted basis with the Company’s common stock after the Merger is completed.
Click to expand...
 
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