Yellow Corporation filed an asset purchase agreement in the US Bankruptcy Court for the sale of its certain assets on December 8, 2023. As per the agreement dated December 7, 2023, seeks the Court?s approval for the sale of its certain assets to Southeast Consolidators, Inc., the winning bidder, for a purchase price of $8.5 million in cash. The debtor?s assets include 1 Owned Real Properties.

Under the terms of the asset purchase agreement, the buyer has made an earnest money deposit of 5% of the purchase price upon the execution of the agreement. The debtor is represented by Allyson Smith, and Steve Toth of Kirkland & Ellis LLP as its legal advisors.