No deal for Forward Air sends shares lower

Shares of Forward Air fell again on Monday after M&A blog, Axios Pro, reported that a buyout of the company is no longer imminent. Join the leaders shaping freight’s future atF3: Future of Freight Festival, Oct 21-22.Network with the industry’s best and discover what’s next. Register now! “Forward Air’s auction has slowed amid unsatisfactory bids from private equity suitors,” the report said. Forward’s stock gapped more than 20% lower during the Monday session, with trading being halted briefly, before ...