merger slated to close on May 24th....just a month away....yell is anxious to get it closed quickly so they can begin to get its savings out of the deal and more productivity from its management....with the justics dept and sec already cleared..only shareholder vote left....no brainer there....once earnings are out Thursday-Friday, the spread in this deal will close to almost nothing....
"yell is anxious to get it closed quickly so they can begin to get its savings out of the deal and more productivity from its management"
Good luck. $150 million of annual savings? That seems a bit of a tall tale, like when they said that USFC is 85% unionized. This one is going to be a mess for Yellow management.
Many guess that maybe USFC threw every expense but the kitchen sink into the first quarter's results so that they could look nicer when Yellow takes ownership, so it will be interesting to see how well USFC does in the second quarter.
Questions, questions, questions. Will Yellow centralize control over the USF units? Will New Penn become the Northeastern part of USF? Will Dugan unionize? Will Yellow consolidate USF units? Will dovetailing between USF units happen? Will Yellow fire all the USF Information Technology and other back room support to get savings? How fast would that happen?