Forward Air says Omni deal unlikely to close; considering termination

FORWARD AIR CORP

Court dissolved TRO sought by shareholders to block the Omni merger.
Forward asserts Omni failed to comply with Sections 7.03 and 7.14 of the merger agreement.
Forward believes closing condition under Section 8.02(b) won't be satisfied, so it won't close.
Forward considering terminating the agreement and withdrew 2024 adjusted EBITDA target.

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