Tuesday, April 26, 2011

YRC Worldwide Soars On Icahn Stake Rumor

Shares of YRC Worldwide Inc. (NASDAQ: YRCW) surged more than 14% on Tuesday on speculation that billionaire investor Carl Icahn has built a stake in the struggling trucking company. The verland Park, Kansas-based company recently announced that it made "significant progress" in negotiating agreements with lenders, its pension fund and the Teamsters union that are necessary to restructure its balance sheet by the end of July. Stay tuned for more.

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