Big Law

Trucking Firm XPO Will Buy Bankrupt Yellow’s Service Centers in a $870 Million Deal

Trucking company XPO Inc won a bid to buy 28 service centers of bankrupt Yellow Corp for $870 million in a closely watched auction of the nearly 100-year-old firm’s assets.

XPO shares were down 3.8% in morning trade amid weakness in broader markets.

Yellow, formerly known as YRC, filed for Chapter 11 bankruptcy protection in August after blaming the International Brotherhood of Teamsters union for its demise.

Read the source article at Yahoo Finance

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