The Musk Versus Twitter of Trucking Mergers

In most kids’s video games, there aren’t any takesies-backsies. An identical precept appears to use when an organization indicators a fairly ironclad contract to purchase one other.

Late on Tuesday, Dallas-based freight forwarder Omni Logistics stated that it had filed a lawsuit in opposition to trucking firm Ahead Air asking for the Delaware Courtroom of Chancery to implement the merger settlement that each firms signed again in August. This follows an announcement final week through which Ahead stated it would possibly terminate the controversial acquisition, arguing that Omni—which occurs to be one in every of its trusted suppliers—had did not adjust to merger obligations.