Looks Like Forward Air Now Has An Activist Investor -- Market Talk

Dow Jones08-15

1010 ET - Forward Air's second-largest investor has gone activist. Private-equity firm Clearlake Capital, which in May disclosed that it had built a nearly 14% stake in Forward Air, now says it may look to hold talks with the trucking company on a review of strategic alternatives and opportunities to increase shareholder value, among other matters. Clearlake flips its Forward Air SEC filing from a 13G, reserved for passive investors, to a 13D, often used by activist investors whose plans include pushing for a merger or otherwise seeking to control a company. Activist investor Irenic Capital Management last month called on Forward Air's board to consider a range of options, including a sale. Forward Air is up 5.6% in early trading. (colin.kellaher@wsj.com)

(END) Dow Jones Newswires

August 15, 2024 10:10 ET (14:10 GMT)

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Private-equity firm Clearlake Capital, which in May disclosed that it had built a nearly 14% stake in Forward Air, now says it may ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1815336091.USD","symbol_name":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2459473968","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459473968","pubTimestamp":1723731000,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1010 ET - Forward Air's second-largest investor has gone activist. 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