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YRC Worldwide Inc. Message Board

  • techxpit techxpit Feb 16, 2010 2:36 PM Flag

    no one doing public service here. everyone has $$$ intentions

    that includes people using creative words like BK, reverse split, dilution etc etc.

    it is all made up information and none of it can be verified or trusted.

    funny thing is, these guys think everyone else is naive. hello, we humans are all smart and at least every one thinks he is smarter than the person next to him..... this is nature of mankind.

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    • Press Release Source: YRC Worldwide On Thursday December 31, 2009, 8:32 am EST
      OVERLAND PARK, Kan., Dec. 31 /PRNewswire-FirstCall/ --

      YRC Worldwide Inc. (Nasdaq: YRCW) announced today that it was successful with its previously announced debt-for-equity exchange offers having received tenders for approximately $470 million in par value, representing approximately 88% of the company's outstanding notes, including $105 million, or 70%, of its 8 1/2% Notes, $217 million of its 5.0% Notes, and $148 million of its 3.375% Notes, representing 94% of aggregate total of the 5.0% and 3.375% Notes.

      Under the terms of the transaction the company will issue to tendering noteholders approximately 37 million shares of common stock and 4.346 million shares of Class A convertible preferred stock which, together on an as-if converted basis, will represent approximately 94% of the company's total issued and outstanding common stock.

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