Trucking firm Yellow considers asset sale through bankruptcy filing - Bloomberg News (updated)

Yellow

04/08/2023 19:59

(Adds details on financial bidder)
       Aug 4 (Reuters) - Trucking firm Yellow  YELL.O  is
considering a sale of assets and real estate through a
bankruptcy filing, which may come as soon as this weekend,
Bloomberg News reported on Friday, citing people with knowledge
of the situation.
    The company's assets have attracted the interest of a
potential financial bidder, the report said. The bankruptcy
filing could turn into a liquidation, people familiar with the
matter told Bloomberg. 
    Shares of the company were up 1.3%. 


 (Reporting by Manya Saini in Bengaluru;Editing by Arun Koyyur)
 ((Manya.Saini@thomsonreuters.com;))