People With Direct Knowledge Of Yellow Trucking's Liquidation Of Assets Say Significant Bidders Have Emerged & Sales Are Likely Easily Surpass The $1.4B In Secured Debt
Portfolio Pulse from Benzinga Newsdesk
Significant bidders have emerged for the liquidation of Yellow Trucking's assets, which are likely to easily surpass the $1.4B in secured debt, according to people with direct knowledge of the matter.
August 08, 2023 | 7:41 pm
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Yellow Trucking's asset liquidation is attracting significant bidders, with sales expected to surpass the company's $1.4B secured debt.
The news of significant bidders for Yellow Trucking's assets indicates a potential recovery of the company's $1.4B secured debt. However, it's uncertain how this will affect the company's stock price in the short term, as the liquidation process can be complex and lengthy.
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