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TB Lurker
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Judy lowering the vote threshold from 2/3 to 51% for a sale or something else...
ABF | Arcbest for sale?
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ArcBest seeks to lower M&A vote threshold
ABF Freight's parent corporation wants to make it easier for shareholders to approve a merger or sale.
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TB Lurker
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Thank u for posting that.. I couldn't figure out how to do it..ArcBest seeks to lower M&A vote threshold
ABF Freight's parent corporation wants to make it easier for shareholders to approve a merger or sale.www.truckingdive.com
You can post things like that by just copy and paste the web site address of the article. It will then expand here like it did above.
In no particular order-
TFI just spent 1.1 billion dollars on Daseke, a flatbed conglomerate. That sale doesn’t close until Q2 of this year.
A purchase of Arc Best would likely be over 5 billion dollars. The market cap on just the stock is over 3.3 billion. Then there’s property and equipment and business value.
Finally just IMO- look how well the Yellow acquisition of Roadway, Holland etc went. They had a plan to be the biggest LTL in the world and they could never “realize” all the supposed cost savings. Where are they now? Bankrupt.
TFI just spent 1.1 billion dollars on Daseke, a flatbed conglomerate. That sale doesn’t close until Q2 of this year.
A purchase of Arc Best would likely be over 5 billion dollars. The market cap on just the stock is over 3.3 billion. Then there’s property and equipment and business value.
Finally just IMO- look how well the Yellow acquisition of Roadway, Holland etc went. They had a plan to be the biggest LTL in the world and they could never “realize” all the supposed cost savings. Where are they now? Bankrupt.
Sumting Wong
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This year I have been putting retirement money into the Roth 401K. I should take that same money and put it into company stock. I can vote "....NO...." more often then just once every five years.
Streaker69
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Whenever somebody asks "is (insert company name) for sale?" My answer is always the same. The question isn't whether they're for sale, it's is somebody willing to pay the asking price.
I own stock & I didn’t get a vote?
I think the vote hasn't occurred yet.
If the marker cap is 3.3 billion as you say, then controlling interest in the company is slightly over half that, approximately 1.65 billion, not over 5 billion as you say. Even at a premium over the current share price, say 2 billion would be the cost.
Actually there is no real "asking price", the sale price would be whatever price shareholders would accept for their shares.
Streaker69
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I know how it works, I'm trying to convey a point without getting into every minor detail. Ted Dibase said "everybody's got a price".
Well I’m a no vote….
OK, no problem, keep practicing that "point conveying" stuff, you'll get better at it.
Streaker69
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OK, no problem, keep practicing that "point conveying" stuff, you'll get better at it.
Nah, I think this is the best I got
SCOTTKOM20
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Anyone else think this is a bad idea, ABF seems to be by far the best run of the Union LTL outfits, I would think there would be so much overlap with t-force. It would have to be a lot of terminal and personnel reshuffling or they would pull a YRC and have their own companies competing with each other
SCOTTKOM20
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I didn't think about that. That's a good insight
layoffsucks
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Last company I worked for that was repetitively acquired ceased operations August 30th, 2023... Thought I was safe with ABF when I came here 10 years ago.