Forward Air wants to get out of a controversial merger deal, but a happy ending seems unlikely
Forward Air agreed to buy freight forwarder Omni Logistics in August. PAUL PAGE/THE WALL STREET JOURNAL
In most children’s games, there are no takesies-backsies. A similar principle seems to apply when a company signs a pretty ironclad contract to buy another. Late on Tuesday, Dallas-based freight forwarder Omni Logistics said that it had filed a lawsuit against trucking company Forward Air asking for the Delaware Court of Chancery to enforcein which Forward said it might terminate the controversial acquisition, arguing that Omni—which happens to be one of its trusted suppliers—had failed to comply with merger obligations.This copy is for your personal, non-commercial use only.