DALLAS, Oct. 26,
2023 /PRNewswire/ -- Omni Logistics ("Omni"), a
technology-driven provider of global multimodal logistics solutions
and specialized services, today responded to the press release
issued by Forward Air Corporation (NASDAQ: FWRD) ("Forward Air")
regarding the companies' previously announced transaction.
Omni has fully complied with all the required provisions of the
Agreement and Plan of Merger between Omni and Forward Air dated
August 10, 2023 (the "Merger
Agreement"). Any attempt by Forward Air to suggest otherwise is
unfounded and has no basis. Omni believes the Merger Agreement is
legally binding and intends to enforce the Merger Agreement and
close the transaction as expeditiously as possible.
Omni remains fully confident that uniting Omni and Forward Air
as the premium expedited LTL provider will ensure that the combined
company is best positioned to compete and win in an increasingly
dynamic industry environment for the benefit of both companies'
shareholders, customers, and employees.
Omni is advised by Alston & Bird, LLP; King & Spalding
LLP; Wachtell, Lipton, Rosen & Katz; and Potter Anderson
& Corroon LLP.
About Omni Logistics
Omni Logistics is a global multimodal provider of air, ocean and
ground services. Complex supply chain solutions are designed
according to each customer's specific freight needs, challenges and
objectives, leveraging the expertise and advanced training of over
4,500 employees in more than 100 locations. Omni Logistics focuses
on removing supply chain inefficiencies and providing low
cost-per-unit solutions to more than 7,000 customers worldwide. In
addition to operating a full portfolio of multi-modal solutions
both domestically and internationally, Omni Logistics manages a
robust portfolio of supplemental services for enterprises dependent
on the efficient movement of high value freight. As a signatory of
The Climate Pledge, Omni Logistics is committed to creating supply
chain visibility and eliminating waste in order to provide more
sustainable transportation solutions.
Forward-Looking Statements
This press release includes forward-looking statements that are
based on information currently available to management,
management's beliefs, as well as on a number of assumptions
concerning future events. Forward-looking statements are not a
guarantee of performance and are subject to a number of
uncertainties and other factors, which could cause the actual
results to differ materially from those currently expected. In
providing forward-looking statements, the company does not intend,
and is not undertaking any obligation or duty, to update these
statements as a result of new information, future events or
otherwise.
Media Contact
Jeremy Fielding / Nathan Riggs / Mark
Fallati
Kekst CNC
KekstOmni@kekstcnc.com
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SOURCE Omni Logistics, LLC