YRCW just filed offering with SEC for $350 million of new capital. Is a portion earmarked to buy ABFS? Who knows. But it provides YRCW with options.
Sentiment: Strong Buy
YRCW will issue more stock in essence, dilluting the market and hurting shareholders in the process... I am worried YRCW will do as DRYS has done many times to tis shareholders.
I'm sure YRC will use the proceeds from any equity offering they do to pay off debt. ABFS doesn't want their attention, and I sincerely doubt YRC will fight to acquire them.