Yellow Corp Explores Opportunities To Divest Its 3PL, Yellow Logistics, Inc.; Says Discussions Are Active And Ongoing
Portfolio Pulse from Benzinga Newsdesk
Yellow Corp is considering selling its Third-Party Logistics organization, Yellow Logistics, Inc. The company is currently in discussions with several interested parties.
July 27, 2023 | 10:00 pm
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NEUTRAL IMPACT
Yellow Corp's potential divestment of Yellow Logistics, Inc. could impact its financial structure and future growth strategy.
The potential sale of Yellow Logistics, Inc. could lead to a significant change in Yellow Corp's asset structure and future growth strategy. However, the impact on the stock price will depend on the terms of the sale and the market's perception of the deal.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100