XPO - Transportation & Logistics Company XPO Wins Bid To Acquire 28 Service Centers Of Bankrupt Yellow Corp. Sees EPS Accretion | Benzinga
XPO Inc (NYSE: XPO) disclosed winning an auction for 28 service centers of Yellow Corporation and its subsidiaries across the U.S. for around $870 million.
The auction, held on November 28, 2023, includes the assumption of three asset leases. This also comprises the right to designate, in consultation with Yellow, additional contracts that are related exclusively to the acquired assets, for 45 days Full story available on Benzinga.com