YRC Worldwide (YRCW -21%) plummets after announcing an agreement in principle with lenders and...

|About: YRC Worldwide, Inc. (YRCW)|By:, SA News Editor

YRC Worldwide (YRCW -21%) plummets after announcing an agreement in principle with lenders and other stakeholders to restructure the company. The move could result in "a very substantial dilution of existing equity holders," the company says, as some of its debt becomes converted into equity. (PR)