-

Ancora Supports Forward Air’s Decision to Evaluate Termination of Prospective Transaction with Omni

Urges Board of Directors to Take Whatever Steps are Necessary to Restore and Protect Shareholder Value Following Omni’s Purported Non-Compliance with Merger Agreement

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), which is a top shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”), today issued the following statement regarding the Company’s previously announced transaction with Omni Newco LLC (“Omni”).

Frederick D. DiSanto, Chairman and Chief Executive Officer of Ancora, and James Chadwick, President of Ancora Alternatives LLC, commented:

“We are very pleased with Forward Air’s decision to be transparent with shareholders by disclosing its belief that Omni has not complied with aspects of the previously announced merger agreement. In light of this, we – and presumably a critical mass of our fellow shareholders – fully support leadership’s decision to explore a termination of the merger agreement. Given that the proposed transaction has faced legal challenges and overwhelming market opposition, the Board of Directors is right to be diligent in holding Omni accountable for any and all non-compliance with the agreement’s terms. We urge the Board of Directors to take whatever steps are needed to protect the long-term interests of the enterprise while restoring and preserving shareholder value. In our view, terminating the prospective transaction with Omni is a logical and necessary step at this point in time.”

About Ancora

Founded in 2003, Ancora Holdings Group, LLC offers integrated investment advisory, wealth management and retirement plan services to individuals and institutions across the United States. The firm's comprehensive service offering is complemented by a dedicated team that has the breadth of expertise and operational structure of a global institution, with the responsiveness and flexibility of a boutique firm. For more information about Ancora, please visit https://ancora.net.

Contacts

Longacre Square Partners
Greg Marose / Charlotte Kiaie, 646-386-0091
ancora@longacresquare.com

Ancora Holdings Group, LLC


Release Versions

Contacts

Longacre Square Partners
Greg Marose / Charlotte Kiaie, 646-386-0091
ancora@longacresquare.com

More News From Ancora Holdings Group, LLC

Ancora Issues Statement on the CSX Board’s Decision to Heed Shareholder Feedback and Initiate a CEO Change

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), a shareholder of CSX Corp. (NASDAQ: CSX) (“CSX” or the “Company”), today issued the below statement. Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora Holdings Group LLC, and James Chadwick, President of Ancora Alternatives LLC, commented: “We applaud the CSX Board of Directors for heeding shareholder feedback and terminating former CEO Joe Hinrichs. This follows Ancora...

Ancora Issues Letter to CSX’s Board of Directors Regarding the Need to Avert a Permanent Impairment of Value and Aggressively Pursue a Value-Maximizing Merger

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”) today disclosed the below letter sent to the Board of Directors (the “Board”) of CSX Corporation (NASDAQ: CSX) (“CSX” or the “Company”) on August 6, 2025. Since sending this letter via private channels, CSX has ignored us and not even confirmed receipt of our correspondence. As this occurred, trusted sources informed us that the Company’s advisors appeared to be breaching their ethical obliga...

Ancora Issues Statement of Support for Pitney Bowes

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”) today issued the below statement following its decision to redeem its investment in the long-term special purpose vehicle managed by Hestia Capital Management LLC and, in turn, start directly holding its shares of Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”) due to the size of the position. Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora Holdings Group L...
Back to Newsroom