Trucking Soap Opera Ends on a 'Well, This Is Awkward' Note.

Trucking company Forward Air has completed its acquisition of freight forwarder Omni Logistics, despite initial investor backlash and a lawsuit from Omni. Forward Air's CEO, Thomas Schmitt, attempted to back out of the deal, but both parties had to agree to annul the agreement. The revised deal resulted in Omni's owners receiving $20 million in cash instead of the original $150 million, and there is still a risk of angering other suppliers. Forward Air's stock fell about 9% following the completion of the merger. [Extracted from the article]