secwatch.observer — SEC 8-K summary
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Issuer:     SAIA INC (SAIA)
CIK:        0001177702
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0000950170-23-067946
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023067946/0000950170-23-067946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177702/000095017023067946/saia-20231205.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-067946

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