On May 29, 2024, Irenic Capital Management LP announced that it has launched an activist campaign urging a board shakeup and strategic review at Forward Air Corp. Irenic Capital Management stated that it has submitted a private letter criticizing a controversial merger with Omni Logistics LLC. Irenic Capital Management added that the Company must consider selling Omni Logistics.
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|
5-day change | 1st Jan Change | ||
19.04 USD | -4.23% |
|
-8.72% | -69.72% |
28/06 | Forward Air Revises Up EBITDA for 12 Months Ended March 31 | MT |
04/06 | Forward Air Corporation Announces Board Appointments | CI |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-69.72% | 53Cr | |
-12.96% | 12TCr | |
-15.75% | 4.74TCr | |
-1.89% | 1.78TCr | |
+31.52% | 894.65Cr | |
-54.93% | 814.73Cr | |
-17.43% | 592.38Cr | |
-26.75% | 578.03Cr | |
+16.21% | 486.52Cr | |
-2.41% | 414.73Cr |
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- Irenic Capital Management Calls for Board Shakeup and Strategic Review at Forward Air Corporation