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Forward Air's acquisition of Omni Logistics ignites investor backlash, prompting stock to drop nearly 40%.
Forward Air recently became the center of attention for its decision to acquire Omni Logistics for a whopping $3.2 billion. This merge has stirred a whirlwind of reactions, reflecting both the challenges and prospects of the deal.
Sources: FreightWaves 1 | FreightWaves 2 | WSJ
Forward Air has accomplished the rare feat of straining relations with investors so much that the expedited trucker's stock has plummeted almost 40%. https://t.co/BLuuGZwWaC via @WSJ @jonsindreu
— Paul Page (@PaulPage) September 6, 2023
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