YRCW Restructuring Successfully Dilutes Shareholders Into Irrelevancy
May 02, 2011 at 00:43 AM EDT
The latest news from YRC Worldwide (YRCW) is confirmation of the company’s ability to eke out an existence that defies reality. Its creditors have agreed to a restructuring. The plan is to cancel the company’s massive debts by issuing massive amounts of new equity shares to debt holders. This will leave existing shareholders with no [...]