Activist investor Irenic Capital Management has established an interest of nearly 5% in U.S. trucking company Forward Air, the Wall Street Journal’s Lauren Thomas reports. The investor privately sent a letter to the company’s board of directors this month urging for a board overhaul and a strategic review to weigh a number of options, including a sale, the author says, citing people familiar with the matter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWRD:
Questions or Comments about the article? Write to editor@tipranks.com