Saia, Inc. Agrees to Acquire 17 Yellow Corporation Terminals in Chapter 11 Bankruptcy Sale for $235.7M
Portfolio Pulse from Benzinga Newsdesk
Saia, Inc. (NASDAQ:SAIA) has won the bid to acquire 17 terminals from Yellow Corporation during its Chapter 11 bankruptcy proceedings, with a purchase price of $235.7 million. These terminals are located across various states in the U.S., expanding Saia's operational footprint.
December 05, 2023 | 12:46 pm
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Saia, Inc.'s acquisition of 17 Yellow Corporation terminals for $235.7 million could significantly expand its market presence and operational capabilities.
The acquisition of the 17 terminals from Yellow Corporation is likely to be seen as a positive development for Saia, Inc., as it could enhance the company's service offerings and market reach. This strategic expansion may be viewed favorably by investors, potentially leading to a short-term increase in stock price.
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