Yellow | YRC almost sold

Irishman107

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EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) --
The Securities and Exchange Commission today filed settled insider trading charges against four individuals--John A. Foley, Aaron M. Grassian, Timothy L. Vernier, and Bradley S. Hale--for their respective roles in an alleged pattern of insider trading and tipping in the securities of four public companies over a 22-month period that yielded illegal profits totaling $210,580.62. The four public companies involved are Crocs, Inc., YRC Worldwide, Inc., Spectralink Corporation and SigmaTel, Inc. All four defendants have agreed to settle the Commission's charges without admitting or denying the allegations in the Commission's Complaint, and their settlement papers have been submitted to the Court for its consideration. Separately, a fifth individual, Tara R. Eisler, was named in a related administrative proceeding instituted and simultaneously settled today.

According to the Complaint, which was filed in federal court in the District of Columbia, Foley served as an employee benefits specialist at Deloitte between July 2005 and May 2007, and learned, through his work on Deloitte client engagements, material, non-public information concerning (i) Crocs' first earnings release after going public; (ii) a potential acquisition of YRC by a third party (that ultimately was not consummated); and (iii) the acquisition of Spectralink, via tender offer, by another public company.

ENFORCEMENT PROCEEDINGS - SEC Files Settled Insider Trading Charges Against Former Deloitte Tax Professional and Three Others; R | TradingMarkets.com

Wonder how close we were to being sold????
 
Don't forget that UPS is on that venue too, aside from these people. UPS is still thinking about buying out YRC. Pension freeze for everyone now, and how UPS paid out of it over a year ago. Anyone see the connections, yet?
 
`I wonder if the potential buyer was identified in the court papers? That would be very interesting indeed.
 
I still believe

Anyones guess here but I still believe the article by Bloomberg News (2007 or 2008) that DHL was buying YRC was no hoax. YRC's spokesperson and DHL's as well, both stated "We do not comment on market rumors". DHL had to pull back operations as the economy tanked. I fully believe YRCW wanted to be a player in the package/freight business to be competetive against UPS and FedEx. Does'nt take a rocket scientist to come up with that conclusion. I will concede, however ... one of the charges ...'tipping' may mean that these guys put that out as a rumor to cause YRCW's stock to go up, and it did go up.
 
DHL did pull out of it. That is correct. They were the ones funding Yellow to buy out all these other companies, like Roadway and USF. That is why others, like UPS may want to jump on the opportunity.
 
you may be right

DHL did pull out of it. That is correct. They were the ones funding Yellow to buy out all these other companies, like Roadway and USF. That is why others, like UPS may want to jump on the opportunity.
I'm not sure how money from DHL could be used to buy the companies without it being recorded as such. YRCW has to give the names of their creditors on financial reports. I have heard of silent investors and I don't know alot about it so you may be right. Of course they don't need to name bond holders, though. Hmmmm.
 
DHL did pull out of it. That is correct. They were the ones funding Yellow to buy out all these other companies, like Roadway and USF. That is why others, like UPS may want to jump on the opportunity.

Thats the old Deutsche Bank confusion. Its Deutsche Bank not Deutsche Post. Big difference. The likelihood of DHL buying YRC back in 2007 may have been there.
 
Thats the old Deutsche Bank confusion. Its Deutsche Bank not Deutsche Post. Big difference. The likelihood of DHL buying YRC back in 2007 may have been there.

can't understand why this keeps getting rehashed ! maybe if they elminated the word "Deutsche" guys would stop spreading this mis-information
 
all these names and accusations mean nothing without the name of the company who was gonna buy YRC so it just falls into fiction not fact..this news is worthless :twisted:
 
all these names and accusations mean nothing without the name of the company who was gonna buy YRC so it just falls into fiction not fact..this news is worthless :twisted:

Yeah Joe. The 4 defendants decided to pony up a couple hundred thousand to settle the charges even though they were FICTIONAL...Joe have you mixed up your anti-insanity meds with your viagra again. Cause that one BONER of a statement
 
Well, one thing we DO know is that whoever it was, unlike YRC, they have capable management since they decided not to go through with the acquisition.
 
Anyones guess here but I still believe the article by Bloomberg News (2007 or 2008) that DHL was buying YRC was no hoax. YRC's spokesperson and DHL's as well, both stated "We do not comment on market rumors". DHL had to pull back operations as the economy tanked. I fully believe YRCW wanted to be a player in the package/freight business to be competetive against UPS and FedEx. Does'nt take a rocket scientist to come up with that conclusion. I will concede, however ... one of the charges ...'tipping' may mean that these guys put that out as a rumor to cause YRCW's stock to go up, and it did go up.
Whether or not they had such concrete plans or not I do agree that YRCW would have taken the next logical step into the small package area in a big way, somehow, if the economy had not tanked.
 
Yeah Joe. The 4 defendants decided to pony up a couple hundred thousand to settle the charges even though they were FICTIONAL...Joe have you mixed up your anti-insanity meds with your viagra again. Cause that one BONER of a statement

for about two years now you're unable to respond with out some kind of sex comment..check yourself in like
images-11.jpg
did and get the help you need..maybe talk to
images-10.jpg
about the prob :biglaugh::biglaugh:
 
YRC deal to sell fell through in 2006, SEC civil complaint says - Kansas City Business Journal:
YRC Worldwide Inc. was on the sales block in late 2006 but negotiations fell through, according to a civil complaint filed by the Securities and Exchange Commission in an insider trading case.The potential acquirer wasn’t named in the complaint, filed Thursday in federal court in Washington, but it said negotiations repeatedly stalled and restarted for at least two months beginning in late October 2006 before eventually being abandoned.
 
I just have 3 words to say right now........Tenex Capital Management....KK


Tenex Capital Management

KK is this a deal in the works? Is this what is going on with all the management releases that are going on or is this just a possibility of what might be going on. Company looks good if they keep ours going and can actually turn it around. If they can't turn it around might be they just liquidate? ? ?
 
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