J
Jay C
Guest
This last paragraph converted me from an optimist to a pessimist in a another article this past week
Required. If it doesn't happen wages and pension cuts are voided and everyone back to full scale. This is the agreement the Teamsters had with the lenders who carried YRC to the very end. That will result in a forced bankruptcy. No deal. No more ballgame. The reason bondholders backed out was the Chicago vote. I apologize for being redundant
The company is required to complete the exchange offer as part of agreements with its bank lenders, the International Brotherhood of Teamsters and multi-employer pension funds, according to a Nov. 24 regulatory filing. If the exchange fails, YRC said it will seek bankruptcy protection.
Required. If it doesn't happen wages and pension cuts are voided and everyone back to full scale. This is the agreement the Teamsters had with the lenders who carried YRC to the very end. That will result in a forced bankruptcy. No deal. No more ballgame. The reason bondholders backed out was the Chicago vote. I apologize for being redundant