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Trucker YRC's debt exchange succeeds, shares fall (Reuters)
Published at 31 December 2009, 18:28 GMT

A truck driver for a unit of YRC Worldwide, loads a truck in Holland, Michigan September, 20, 2007. REUTERS/Nick CareyReuters - U.S. trucking giant YRC Worldwide said it averted bankruptcy by finally negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures.


 
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