Trucking company Yellow Corp's assets have attracted significant bidders and their sale could likely surpass the company's $1.4 billion in secured debt, Fox Business reported on Tuesday, citing people with direct knowledge of the matter.
Semi truck trailers are pictured at freight trucking company Yellow’s terminal near the Otay Mesa border crossing between the U.S. and Mexico, after the company filed for bankruptcy protection, in San Diego, California, U.S., August 7, 2023 REUTERS/Mike Blake/File Photohave attracted significant bidders and their sale could likely surpass the company's $1.4 billion in secured debt, Fox Business reported on Tuesday, citing people with direct knowledge of the matter.
Shares of the company closed 24% higher in regular trading after the news. They fell 16% in extended trading.
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