CR: Vying for Yellow Corp assets

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Cathy Morrow Roberson writes:

Drama continues to swirl around bankrupted Yellow as the focus turns to its assets. During a bankruptcy court hearing, Yellow revealed that Estes is offering to pay $1.3 billion for all of Yellow’s terminals. “Estes felt it was important to try to bring a proposal to the Yellow bankruptcy estate and its creditors that would add some value for the benefit of all case constituents and reduce some of the uncertainty ...