News and Views for Freight Teamsters
Wednesday, October 23, 2013
Marc Lasry's Avenue Capital is now YRC's largest investor
As YRC Worldwide Inc. Investor Cyrus Capital Partners reduces it share in the Overland Park-based company, a new group has taken over as the company's top investor.
On Oct. 16, New York City investment firm Cyrus Capital Partners LLC sold 527,068 shares of its stock in YRC, reducing its ownership from 17.2 percent to 11 percent.
The less-than-truckload carrier's stock fell to $12.14 per share, its lowest level in months on Monday.
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