Actually, the article said that the former CEO of Swift, wanted to buy them out!liljoe said:As of 11-7-06 YRCW had put in a bid to buy Swift Transportation in a $2.17 Billion dollar private deal. This news was in yesterdays Kansas City Star newspaper.
:bananalama: Interesting!!!
liljoe said:I stand corrected...It does not say that YRCW had bid on Swift. It just said 'A' bid had been placed to buy Swift and that is why YRCW stock has gone up.
Sorry for the misinformation!
it was from Jerry Moyes, the Company's largest shareholder. not yrcw!Rocky said:Read Tuesday's Wall Street Journal
Yellow put a bid in for SWift
So what does this mean? Yellow stock jumped cause someone is bidding on swift or what?YRC Worldwide gained $1.50, or 3.98 percent, to $39.22 on news that a $2.17 billion bid had been made for Swift Transportation Co. Inc.
10-4 yes,thats what I was asking..if it jumped cause of the news or was it the other....thanksMIKEEEEE said:yo texas flood....
yrcw rose on the news that some private equity bid on swift, not on yrcw making the bid itself.....
yes please!! thanksMIKEEEEE said:ps; like i said before i got a bunch of news alerts for YELLOW and yrcw that automaticaly notify me
if a flea farts in overland park (real easy to set up, want the links????).......
Maybe YRCW put in a bid to buy SWIFT to stop their drivers from backing out onto U.S. 54 in New Mexico and killing our sleeper team drivers.liljoe said:As of 11-7-06 YRCW had put in a bid to buy Swift Transportation in a $2.17 Billion dollar private deal. This news was in yesterdays Kansas City Star newspaper.
:bananalama: Interesting!!!
Link to the articleTeamsters oppose Swift buyout offer
By eTrucker Staff
The Teamsters union has come out against Swift Transportation founder Jerry Moyes' offer to buy the Phoenix-based fleet, saying the bid is too low and questioning whether Moyes' seat on the Swift board is in the company's best interests.