Forward Air shares are trading higher following a report suggesting the company has retained investment bankers to sell the company.
Portfolio Pulse from Benzinga Newsdesk
Forward Air shares are rising due to reports that the company has hired investment bankers to explore a sale.
October 17, 2024 | 7:55 pm
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Forward Air shares are trading higher following reports that the company is considering a sale, having retained investment bankers for the process.
The news of Forward Air potentially being sold is a significant development, likely driving the stock price up as investors anticipate a possible acquisition premium. The hiring of investment bankers suggests serious intent, increasing investor interest and speculation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100