Saia wins bid for 17 Yellow terminals for $235.7M in bankruptcy sale

SAIA INC

Winning bidder for 17 Yellow terminals in Chapter 11 bankruptcy; purchase price $235.7 million.
Terminals in markets including Fresno, CA; Augusta, GA; Grand Rapids, MI; Knoxville, TN; and others.
Closing expected Q1 2024; subject to bankruptcy court approval (hearing Dec 12) and regulatory nods.
Funding via cash on hand and credit facilities; CEO Fritz Holzgrefe cites expanded national footprint.

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