FW: Next Century’s bid for Yellow back on table
(Editor’s note: the original headline ‘Jack Cooper-led bid for Yellow back on table’ was corrected ...
InvestorPlace reports:
Yellow (OTCMKTS:YELLQ) stock has been suspended from trading on the Nasdaq under the YELL stock ticker. Indeed, as of today, the trucking company is trading via over-the-counter “pink sheets.”
What’s up with Yellow lately?
Well after months of speculation, the time of reckoning has finally come for Yellow. The firm filed for Chapter 11 bankruptcy last week, fueling speculation that the 100 year-old business would delist from the Nasdaq. This bankruptcy announcement also came on the heels of the company’s halted operations, which effectively put some 30,000 employees out of work…
The full post can be found here.
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