That means stock holders will get a payday if significant unsecured debt creditors do not emerge, Fox Business reporter Charles Gasparino said in a post on X social media platform, formerly known as Twitter.
Yellow, a dominant player in the "less-than-truckload" segment, filed for Chapter 11 bankruptcy protection on Monday, leaving some 30,000 workers looking for new jobs.
read moreThe company blamed the International Brotherhood of Teamsters for the bankruptcy filing.
Gasparino said that bidders were lining up for Yellow's assets because the company would be free of Teamsters membership in bankruptcy.
Yellow is also likely to seek damages representing its entire enterprise value of $1.5 billion from the Teamsters, Gasparino said.
Persons:
Mike Blake, Charles Gasparino, Gasparino, Ananta Agarwal, Shinjini
Organizations:
U.S, Fox Business, Twitter, International Brotherhood of Teamsters, Teamsters, Thomson
Locations:
Mexico, San Diego , California, U.S, Bengaluru