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ABF | ABF-TFI Merger?

GO40 said:
I will add to this, Alain Bedard TFI’s President bought 4% of ArcBest stocks or $89 million worth. Well the stock went up $15 yesterday that means Mr. Bedard’s investment is now worth $1.335 Billion, not to bad for a one day gain. I hope our new Teamster President looks into this….
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Perhaps you might check your math. That would mean 89 million dollar investment had to increase by 15 times to come out to1.335 billion.
 
victor93 said:
It’s his money. We’re free market country. He could invest it anyway he wants. Do you want someone telling you how to invest your money? Do you wanna live in a socialist and communist state?
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Nope not exactly.....it isn't his money. He is a CEO. not owner....he can invest the money however he and his board feel fit though....the difference is he has the means to manipulate the stock market and most investors don't.....he talks and ARCBEST stocks jump 15 dollars. I talk it does nothing....that is the difference...
 
Triplex said:
Just showing for comparison what Yellow shares would have to rise to if they increased by 15 times (or 1500%).

To answer your question though, if his $89 million investment increased by 15% it would now be worth a little over $102 million, $102.35 million to be exact.
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I deal mostly in crypto. So when I buy it’s usually a fraction of a penny so it’s real easy to figure out….
 
ABF381 said:
Nope not exactly.....it isn't his money. He is a CEO. not owner....he can invest the money however he and his board feel fit though....the difference is he has the means to manipulate the stock market and most investors don't.....he talks and ARCBEST stocks jump 15 dollars. I talk it does nothing....that is the difference...
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So you're saying you checked the wrong box on that questionnaire asking you what you wanted to be when you grow up? :hysterical:
 
LTLAnonymous said:
We're doing THIS ******** again?

And HEY: This is COLLUSION amongst LTL companies. They know that if any one union company makes serious gains in their contract, they're all gonna have to pay up.

This **** is ****ING RIDICULOUS.
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Not everyone, Yellow won't under any circumstances. "It's with a heavy heart that we announce Yellow freight, the best managed, company in LTL trucking is closing its doors due to the fact that we could not get our union employees to face economic facts. and help us with a minor 15% pay cut, to allow us to compete in todays market. For Yellow to survive, we need to have the lowest paid rank and file employees in the industry. A fact lost on our union employees. "
 
Tfi would have to pay top dollar for any public acquisition. They would have to pay 300-500 million more than the company is actually worth. They got ups freight through a subsidiaries sale . Didn't have to worry about raiders buying up the stock and jacking up the price .
In 2006 ups bought overnite for 1.25 billion
In 2021 ups sold it for 800 million.
Even though it had increase in size by almost 50% .
That doesn't happen if ups freight is a public company
 
No port said:
Tfi would have to pay top dollar for any public acquisition. They would have to pay 300-500 million more than the company is actually worth. They got ups freight through a subsidiaries sale . Didn't have to worry about raiders buying up the stock and jacking up the price .
In 2006 ups bought overnite for 1.25 billion
In 2021 ups sold it for 800 million.
Even though it had increase in size by almost 50% .
That doesn't happen if ups freight is a public company
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TFI has a history of making small tuck in acquisitions on a frequent basis. They have additional history in making large acquisitions every three years or so. TFI has the connections and resources to buy a company like ABF through the utilization of debt. So never say never. If you look at the major shareholders of TFII stock you will see that they are owned by 68.59% of large institutional investors:

TFI International has acquired 30 companies, including 7 in the last 5 years. A total of 4acquisitions came from private equity firms. It has also divested 2 assets.

TFI International’s largest acquisition to date was in 2021, when it acquired TForce Freight for $800M. It’s largest disclosed sale occurred in 2015, when it sold Services Matrec to GFL Environmental for $608M. TFI International has acquired in 11 different US states, and 2countries. The Company’s most targeted sectors include transportation (86%) and energy services and equipment (8%).
 
No port said:
Tfi would have to pay top dollar for any public acquisition. They would have to pay 300-500 million more than the company is actually worth. They got ups freight through a subsidiaries sale . Didn't have to worry about raiders buying up the stock and jacking up the price .
In 2006 ups bought overnite for 1.25 billion
In 2021 ups sold it for 800 million.
Even though it had increase in size by almost 50% .
That doesn't happen if ups freight is a public company
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TFII Institutional Investors

Top Institutional Holders​

HolderSharesDate Reported% OutValue
Capital Research Global Investors10,438,654Sep 29, 202212.07%1,747,952,580
Capital International Investors8,258,962Sep 29, 20229.55%1,382,963,161
FMR, LLC3,268,355Sep 29, 20223.78%547,286,034
Vanguard Group, Inc. (The)2,949,621Sep 29, 20223.41%493,914,027
Royal Bank of Canada2,167,371Sep 29, 20222.51%362,926,267
Turtle Creek Asset Management Inc.1,651,536Sep 29, 20221.91%276,549,698
Capital Group International, Inc./CA/1,486,744Sep 29, 20221.72%248,955,278
Manufacturers Life Insurance Co.1,252,002Sep 29, 20221.45%209,647,731
Bank of Montreal/Can/1,077,110Dec 30, 20221.25%180,362,066
1832 Asset Management L.P.1,023,252Sep 29, 20221.18%171,343,544
 
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