Yellow sparks bidding war to replace Apollo-led bankruptcy loan
Yellow Corp. has sparked a bidding war between investment firms and a rival trucker interested in funding the now-shuttered company’s liquidation.
www.ajot.com
Estes | Estes & old yeller ???
- Thread starter wongway
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www.ajot.com
and then turn around and ask for 15% cutWonder if yellow applied for Estes hardship loan. $45 a week until it's paid off.
Songremainsthesame
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If I did my math right they’d have it paid off in roughly 641,026 years…Wonder if yellow applied for Estes hardship loan. $45 a week until it's paid off.
slavenomore
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Thread 'Trucking firm Estes Express submits $1.3 bln bid for Yellow's shipment centers' https://www.truckingboards.com/bb/t...-bln-bid-for-yellows-shipment-centers.125213/
That's a low ball bid for all those terminals. probably 20-30% terminals in large cities are worth more than the bid alone
That’s why it’s called a bid. Who else has the cash to just put up and buy it all? Not many….
My guess is hundreds of hedge funds do.....most likely a lot of terminals in bigger cities are worth more tearing the buildings down and selling the land...
Songremainsthesame
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If it allows Estes to upgrade facilities from a current terminal I’m sure they’ll do it, hopefully some of these Yellow yards are bigger than current Estes facilities and will allow capacity for growth.
(Bloomberg) -- Trucking company Old Dominion Freight Line Inc. has offered $1.5 billion to acquire Yellow Corp.’s portfolio of terminals out of bankruptcy, more than a previous offer from Estes Express Lines.
finance.yahoo.com
Old Dominion Freight Line Bids $1.5 Billion for Yellow Terminals
(Bloomberg) -- Trucking company Old Dominion Freight Line Inc. has offered $1.5 billion to acquire Yellow Corp.’s portfolio of terminals out of bankruptcy, more than a previous offer from Estes Express Lines.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New...
Songremainsthesame
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I see your 1.5 billion and raise you another tenth…
https://www.reuters.com/business/au...Trucking,bankruptcy court filing on Wednesday.
Estes found another $25m to bid
Estes found another $25m to bid
slavenomore
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They got you on the auction block now boys.
Debt slavery awaits.
That loan comes first. Screw you guys who put your lives into helping them profit. Push comes to shove...the banks come first. And your compensation will be cut to pay it.
That lessons already been taught here for 15 years.
Debt slavery awaits.
That loan comes first. Screw you guys who put your lives into helping them profit. Push comes to shove...the banks come first. And your compensation will be cut to pay it.
That lessons already been taught here for 15 years.
Songremainsthesame
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I highly doubt Estes will borrow money… they seem to be averse to being in debt.