It was announced on Tuesday that YRC had established January 4, 2010 as their record date for its exceptional meeting of shareholders to vote on an amendment to its certificate of incorporation to increase the amount of authorized shares of common stock. Also, to reduce the par value of the common stock and to effect a reverse stock split and to proportionately reduce the number of authorized shares of common stock, as formerly described in the company's filings with the Securities and Exchange Commission in connection with its recently completed debt-for-equity exchange.
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YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is one of the largest transportation service providers in the world and the holding company for a portfolio of successful brands including YRC, YRC Reimer, YRC Glen Moore, YRC Logistics, New Penn, Holland and Reddaway. YRC Worldwide has the largest, most comprehensive network in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence.
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