USF Says Investor Firm Backs Yellow Roadway Deal

SF Corp. said Tuesday that Institutional Shareholder Services, an independent proxy advisory firm, recommended that USF’s stockholders vote in favor the amended merger agreement between USF and Yellow Roadway Corp.

USF and Yellow Roadway on May 1 amended Yellow's $1.37 billion acquisition of USF stockholders to a 65% cash component, up from an earlier 50% cash and 50% stock plan.

Yellow Roadway is No. 3 in the Transport Topics 100 listing of North American for-hire carriers and USF Corp. is No. 12.