NASDAQ:YELL - Nasdaq - US9855101062 - Common Stock - Currency: USD
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Apollo Global Management (APO) has dropped plans to finance Yellow Corp's (YELL) bankruptcy after the private equity firm sold off the $500 term loan it had previously extended to...
Mentions: APO
An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management Inc. and other senior lenders to the bankrupt trucking firm, according to a person familiar with the matter.
It might be fine to flip YELL stock for a quick trade, but don't count on Yellow to deliver long-term value to its shareholders.
Mentions: APO
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Shareholders in now-bankrupt trucking company Yellow continue to be in selling mode, with YELL stock declining today despite catalysts.
Yellow Corp. has drawn additional interest from potential financiers who are offering alternative bankruptcy financing for the short-haul trucking company that’s more affordable than a loan from lenders led by Apollo Global Management.
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Yellow Corp. has sparked a bidding war between investment firms and a rival trucker interested in funding the now-shuttered company’s liquidation.
Mentions: WE
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Yellow (YELL) stock is falling on Wednesday after the struggling U.S. trucking company received a Nasdaq delisting notice!
NASHVILLE, Tenn., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported results for the second quarter ended June 30, 2023....
Yellow Corp.’s last-gasp loan from creditors led by Apollo Global Management Inc. buys the company time to sell off its rigs and terminals — but the $142.5 million won’t come cheap for the failed trucker.
Yellow will now be liquidated under the direction of a hedge fund lender, while the government waits to see if its loan will be repaid.