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YRC Worldwide Inc. Message Board

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  • chelsea10011 chelsea10011 Jan 21, 2010 2:29 PM Flag

    Why doesn't CNW or ABFS buy YRCW?

    YRCW would be too large for CNW or ABFS to digest. Then could they even get financing? what about worker and customer integration.

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    • Financing?

      Either one could pay with a share exchange and simply assume the debt. Then they could use their better credit ratings to issue new debt and retire the old YRC debt. I would think any potential acquirer might have been waiting for a potential YRC bankruptcy where they would just pick up the assets from bankruptcy court and gain customers quickly, but that seems to be unlikely now. If the economic recovery continues, seems now would be the time to move on buying YRC for any acquirer.

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