Forward Air Corporation has engaged investment bankers to explore a potential sale of the company, according to sources familiar with the matter on October 17, 2024. This development follows increasing pressure from shareholders for the company to consider strategic alternatives.
The decision to retain bankers suggests a formal process is underway to evaluate options for the company's future. This move comes after the significant Omni Logistics merger, which has been a point of contention among some investors.
The engagement of investment bankers is a direct response to calls for a strategic review aimed at maximizing shareholder value. This action indicates the board is actively considering a sale as a viable path forward for the company.
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