Yellow | Sarah Riggs Amico on Yellow Bid
- Thread starter Sperg
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Hotboy Ice
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Agree, but they would have had to offer well over $3B to even be taken seriously. I'm confident that property buyers also knew this prior to making such strong bids.
Puff Driver
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Odd, willing to take on almost $3 BILLION in debt to run a company that was destroyed by $2.6 BILLION in debt?
All without, infrastructure, rolling stock, massive computer systems, compliance, HR and most importantly not a single customer.
Something is very wrong with this....
All without, infrastructure, rolling stock, massive computer systems, compliance, HR and most importantly not a single customer.
Something is very wrong with this....
Real Teamster
TB Veteran
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Puff, you and I don't often agree but we do on this one. Your comment is right-on.
It's almost like this is a kamikaze mission.
choppernut
TB Lurker
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more like 5-6 bill with pension liability
I read earlier that it's $6.5 billion.
Let's just make it an even 10 B
Add another 3 Billion to that, for start up and to get everything on a clean slate. As Puff mentioned earlier, without a single customer or a single employee.
With Hawkins put back at the helm, from Nashville ?
Freightmaster1
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Withdrawal liability was already factored into money that Central States Pension Fund got from the Butch Lewis Act...See below...
Puff Driver
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Withdrawal liability was already factored into money that Central States Pension Fund got from the Butch Lewis Act...See below...
Thank heavens for corporate welfare....
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Don't confuse them with documented facts....this is too hard for them to understand as it is....SMHWithdrawal liability was already factored into money that Central States Pension Fund got from the Butch Lewis Act...See below...
Real Teamster
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OK, so in case any of you hadn't already read this, Yellow yesterday filed an omnibus objection to CSPF's bankruptcy claim, arguing that since the CSPF had been bailed out to the tune of $32 billion by Congress, they don't need or deserve any money from Yellow's bankruptcy estate.
Hotboy Ice
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Stop with the envy and jealousy, it's pathetic. Get an education and make some life changes if you want to make more $$. It's all about business and demand. You might also want to consider holding Teamsters' (so called) leadership accountable for Yellow Corporation shutting down permanently.
Hotboy Ice
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This is what many folks are missing. Buy the stock and hang on.Withdrawal liability was already factored into money that Central States Pension Fund got from the Butch Lewis Act...See below...