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Old 12-24-2008, 03:20 PM
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Default (AFX UK Focus) 2008-12-24 16:49 UPDATE 3-YRC cancels debt tender, shares fall 25 pct

CHICAGO, Dec 24 (Reuters) - YRC Worldwide Inc said on Wednesday it canceled a debt tender because its union workers have not yet ratified a wage reduction, sending its shares down more than 25 percent. YRC now expects the union amendment to be ratified by year's end. The U.S. trucking company also announced a $150.4 million contract to sell and lease back some of its facilities. It also is ...

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