* Board of directors approves tentative labor agreement and reverse stock split
* Says ratification targeted for completion by late October 2010
* Says has approved a tentative agreement with the international brotherhood of
teamsters
* Says agreement provides for re-entry of the yrcw operating companies into the
multi-employer pension plans
* Says plans to amend its certificate of incorporation on September 30, 2010
* Says reverse stock split will be effective on the NASDAQ exchange on October
1, 2010
* Says reverse stock split will reduce the number of authorized common shares
to 80 million from the current 2 billion
* Stock split will reduce number of outstanding common shares to about 48
million from the current approximately 1.2 billion
* Plans to amend its certificate of incorporation to implement a reverse stock
split with a ratio of 1:25
* To begin discussions to restructure debt under credit agreement,which may
include capital investment by 3rd parties
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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