Omni Logistics Files Lawsuit Against Forward Air to Enforce Merger Agreement
DALLAS, Oct. 31, 2023 /PRNewswire/ -- Omni Logistics ("Omni"), a technology-driven provider of global multimodal logistics solutions and specialized services, today announced that it has filed a complaint in the Delaware Court of Chancery against Forward Air Corporation (NASDAQ: FWRD) ("Forward Air") regarding the companies' previously announced transaction.
- Omni's lawsuit seeks specific performance under the Agreement and Plan of Merger between Omni and Forward Air dated August 10, 2023 (the "Merger Agreement"), requiring Forward Air to comply with its obligations to complete the transaction.
- The complaint also seeks a judicial declaration confirming that Omni has complied with all required provisions of the Merger Agreement.
- In conjunction with the complaint, Omni issued an open letter to the shareholders of Forward Air.
- Dear Shareholders of Forward Air,
This afternoon, Omni Logistics filed a lawsuit in the Delaware Court of Chancery seeking to require Forward Air to comply with their obligations to complete our previously announced combination.