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YRC ABF execs explain proposed merger to employees

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YRC CEO James Welch Executives at YRC Worldwide Inc. and ABF Freight System Inc. sent official letters to their employees Thursday explaining their reasons for attempting to buy ABF and subsequently rejecting ABF's offer. On Thursday, ABF issued a filing with the Securities and Exchange Commission that said Overland Park-based YRC Worldwide (Nasdaq: YRCW) approached ABFs parent company, ...

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