Trucker Estes Express Lines is raising the stakes for bankrupt Yellow’s extensive real-estate portfolio, bidding $1.525 billion and signaling the strong interest in the sprawling network of industrial properties across the U.S.
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https://www.wsj.com/articles/trucker-estes-raises-stakes-in-bidding-war-for-yellow-properties-70d933baThe new offer of $1.525 billion includes more cash and more generous financial terms for the collapsed trucker’s entire terminal networkYellow shuttered operations in late July and filed for bankruptcy last month, and it is now selling off its assets.Trucker Estes Express Lines is raising the stakes for bankrupt Yellow’s extensive real-estate portfolio, bidding $1.
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