FORWARD AIR CORP. DL-,01

Forward Air's stock fell about 23% to $16.37 after Clearlake Capital and Apollo said they would no longer pursue an offer for a complete sale, making a full takeover unlikely. Additional downside risks stem from Amazon's possible expansion into the LTL business in 2026, J.P. Morgan warns. Forward Air reported Q4 2025 EPS of -$0.91 and is set to release further quarterly results on May 6, while the stock is trading near its 52-week low. » Más en de.investing.com

Forward Air's stock dropped about 17% after reports said the ongoing bidding process had stalled because private-equity offers were insufficient. Bids reportedly fell short of expectations, prompting a slowdown of the sale process. The board launched a strategic review, including potential sale or merger options, in early January; the company has not commented on the reports. » Más en de.investing.com

Joseph M. Tomasello has resigned from his position as chief information officer with immediate effect; Jason Ringgenberg was appointed interim CIO. Ringgenberg previously served as CIO at Yellow Corporation and YRC Freight and led large programs at Accenture. Despite a weak market, Forward Air reported a 35% revenue increase to USD 2.5 billion over the last twelve months and beat Q2 estimates with adjusted EPS of -$0.01 and adjusted EBITDA of $74 million. Michael B. Hodge resigned from the board; Eve Omni Investor then waived its right to appoint a director, and analyst reactions ranged from raising to lowering price targets. » Más en de.investing.com