Flying J Merger

by Brian Bierman

On June 18, Flying J CEO Crystal Maggelet agreed to meet with the CEO of Pilot truck stops.  Pilot presented Flying J with a merge proposal that would allow Flying J to retain its brand and, according to Crystal Maggelet, create a larger, stronger company.  The merge proposal is thought to represent an opportunity for Flying J to satisfy all of its creditor obligations which have been a struggle for the company to meet since filing Chapter 11 bankruptcy in December.

The merge proposal was submitted to Bankruptcy Court on July 14th.  Some Flying J employees own stock in the company so survival of the brand would be good news; possibly even boost their stock value.  According to Crystal Maggelet "The resulting company will be one the largest private companies in the U.S.A."



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