December 29, 2009: The Teamsters Union is calling on the small number of bondholders that are standing in the way of YRC Worldwide Inc.'s financial restructuring to take part in debt-to-equity exchange.
The union believes that hedge funds Brigade Capital Management and JMB Capital Partners, and banks including UBS, Barclays and TD Bank, hold positions and have not tendered. The union will protest Wednesday at the headquarters of Brigade Capital Management in New York to urge the hedge fund to exchange or sell.
Read the full Teamster press release at StreetInsider.com.
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