FREIGHTWAVES reports:
A final Chapter 11 plan to liquidate Yellow’s remaining assets could include a reorganization wherein the defunct company’s major shareholders backstop a rights offering to stand up a subleasing or real estate investment trust to manage the remaining properties. The plan would include the payment of all allowed general unsecured claims, leaving the reorganized equity interests to shareholders, a Monday filing with a Delaware bankruptcy court showed.
However, that plan …
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