Saia, Inc. (NasdaqGS:SAIA) agreed to acquire 17 terminals of Yellow Corporation for approximately $240 million on December 5, 2023. Saia intends to pay the purchase price with a combination of cash on hand and availability under its credit facilities. Transaction is subject to various conditions, including approval by the U.S. Bankruptcy Court for the District of Delaware of the sale and regulatory approvals and is expected to close in the first quarter of 2024.
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
7 USD | +3.09% | +2.19% | +22.59% |
Feb. 28 | Second Motion for Exclusivity Period Extension Approved For Yellow Corporation | CI |
Feb. 22 | Motion for Asset Sale Approved for Yellow Corporation | CI |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
380.2 USD | +0.79% | -6.76% | 10B | ||
7 USD | +3.09% | +2.19% | 354M | ||
1st Jan change | Capi. | |
---|---|---|
+22.59% | 354M | |
-15.34% | 37.48B | |
-20.96% | 16.3B | |
+0.63% | 11.24B | |
-13.23% | 10B | |
-7.47% | 6.47B | |
-13.59% | 2.38B | |
-12.53% | 2.36B | |
+9.63% | 1.69B | |
-16.06% | 1.45B |
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- Saia, Inc. agreed to acquire 17 terminals of Yellow Corporation for approximately $240 million.