Omni Logistics board ‘100% committed to closing transaction’ with Forward Air

The board of directors of Omni Logistics issued a public letter to shareholders of Forward Air Corporation, in which it stated in part: “Much has been said about the combination of Omni Logistics and Forward Air, particularly in the last few weeks. The Omni Board of Directors believes it is important for Forward Air shareholders to hear directly from us about who Omni is, the background of the transaction, the compelling financial and strategic rationale, and the go-forward plans for the combined company. The proposed combination between Omni and Forward Air is rooted in a simple yet powerful thesis: creating the premier global, integrated provider of comprehensive logistics services. This was the rationale articulated by both parties when the transaction was announced in August, and it remains equally powerful today… The Omni Board remains 100% committed to closing the transaction with Forward Air. We believe both businesses will achieve greater value creation together and the combined company will be a leader in a reshaped LTL industry, capable of serving customers in the best way possible.”