{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-069432","form_type":"8-K","ticker":"SAIA","cik":"0001177702","company_name":"SAIA INC","filed_at":"2023-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.426542+00:00","generated_at":"2026-06-07T14:43:19.999246+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Saia acquires 17 Yellow Corp terminals for $235.7M in bankruptcy court-approved sale","bullets":["Saia to pay $235.7M cash for 17 freight terminals in 14 states from bankrupt Yellow Corp.","Bankruptcy Court hearing on Dec 12, 2023; transaction expected to close Q1 2024.","Saia made $11.8M earnest money deposit; balance from cash on hand and credit facilities.","Acquisition expands Saia's terminal network; assumes defined liabilities including cure costs and environmental.","Representations and warranties do not survive closing; parties retain specific performance rights."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-069432","json":"https://secwatch.observer/filing/0000950170-23-069432.json","markdown":"https://secwatch.observer/filing/0000950170-23-069432.md","text":"https://secwatch.observer/filing/0000950170-23-069432.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1177702/000095017023069432/0000950170-23-069432-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1177702/000095017023069432/saia-20231205.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T14:43:19.999246+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f997ba63c0bcede0a1784955139f9d6fd6fb5d8a","claim":"SAIA INC entered into Asset Purchase Agreement with Yellow Corporation and certain of Yellow's subsidiaries valued at $235.7 million (effective 2023-12-05).","evidence_excerpt":"On December 5, 2023, Saia, Inc. (the “Company”), and its wholly-owned subsidiary Saia Motor Freight Line, LLC (the “Purchaser”), entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Yellow Corporation (“Yellow”) and certain of Yellow’s subsidiaries (together with Yellow, the “Sellers”) in connection with the Sellers’ proposed asset sale pursuant to Chapter 11 of Title 11 of the United States Code","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1177702/000095017023069432/0000950170-23-069432-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Yellow Corporation and certain of Yellow's subsidiaries"},{"label":"Value","value":"$235.7 million"},{"label":"Effective","value":"2023-12-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}