secwatch.observer — SEC 8-K summary
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Issuer:     Yellow Corp (—)
CIK:        0000716006
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001193125-23-296122
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bankruptcy Court approves $1.883B sale of 130 properties to 21 bidders; XPO leads with $870M
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- Total purchase price of $1,882,637,655 for 128 owned and 2 leased properties approved by Bankruptcy Court on Dec 12, 2023.
- Largest buyer XPO, Inc. at $870M; other public buyers include Saia ($235.7M), Knight-Swift ($51.3M), ArcBest ($30.2M).
- Sales under Section 363 of Bankruptcy Code; remaining real property to be sold at a later date.
- Yellow Corporation filed Chapter 11 on August 6, 2023; this sale is part of the liquidation process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716006/000119312523296122/0001193125-23-296122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716006/000119312523296122/d12936d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-296122

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