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YRC Worldwide stockholder Carlyle Group sells its entire stake for $89.4 million

Based in Overland Park, YRC operates national and regional freight trucking companies. Its ownership has changed hands in recent years through two corporate restructurings that allowed the company to avoid bankruptcy while dealing with heavy debt burdens.
Based in Overland Park, YRC operates national and regional freight trucking companies. Its ownership has changed hands in recent years through two corporate restructurings that allowed the company to avoid bankruptcy while dealing with heavy debt burdens. The Kansas City Star

The second-largest holder of YRC Worldwide Inc. stock has sold off all 4,083,122 shares it owned in a broker-assisted deal last week.

The Carlyle Group, in a filing with the Securities and Exchange Commission, said it collected $89.4 million from the stock sales that took place Thursday. Its holding represented 14.3 percent of YRC’s total shares.

Based in Overland Park, YRC operates national and regional freight trucking companies. Its ownership has changed hands in recent years through two corporate restructurings that allowed the company to avoid bankruptcy while dealing with heavy debt burdens.

YRC shares closed Tuesday at $19.83, down 97 cents, or 4.7 percent. That was below the $21.90 average price the Carlyle Group received.

To reach Mark Davis, call 816-234-4372 or send email to mdavis@kcstar.com. Follow him on Facebook and Twitter at mdkcstar.

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