Yellow Corporation shares are trading higher amid volatility after Teamsters recently announced the company is ceasing operations and filing for bankruptcy. Apollo is reportedly leading a bankruptcy loan deal.
Portfolio Pulse from Benzinga Newsdesk
Yellow Corporation is ceasing operations and filing for bankruptcy, with Apollo reportedly leading a bankruptcy loan deal. This has led to a decrease in Yellow Corporation's share prices.
August 04, 2023 | 2:04 pm
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NEUTRAL IMPACT
Apollo is reportedly leading a bankruptcy loan deal for Yellow Corporation.
Apollo's involvement in the bankruptcy loan deal for Yellow Corporation could potentially impact its stock price. However, the exact impact is uncertain at this stage.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 75
NEGATIVE IMPACT
Yellow Corporation's shares are trading lower due to the company's bankruptcy filing and cessation of operations.
The announcement of Yellow Corporation's bankruptcy and cessation of operations has led to a decrease in the company's share prices. This is a direct result of the uncertainty and risk associated with bankruptcy.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100