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Top related persons:
Mike Blake - 1 Yellow - 1 Estes - 1 Ducera - 1 Juby Babu - 1 Subhranshu Sahu - 1
Top related locs:
Mexico San Diego , California U.S Delaware Bengaluru
Top related orgs:
U.S - 1 Trucking - 1 Express - 1 Old Dominion - 1 Old - 1 Bankruptcy - 1 Ducera Partners - 1 International Brotherhood of Teamsters - 1

Search resuls for: "Ducera Partners"


3 mentions found


☆ Trucking firm Estes Express submits revised $1.525 bln bid for Yellow's shipment centers
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +2 min
Yellow said Estes' new bid is the best and superior to Old Dominion Freight Line Inc's (ODFL.O) $1.5 billion August stalking horse bid. Privately held Estes had submitted a $1.3 billion bid last month to acquire Yellow's shipment centers. A stalking horse bid is an initial bid on the assets of a bankrupt company, setting the low-end bidding bar so that other bidders cannot underbid the purchase price. "Estes Stalking Horse Bid is an improvement over the Old Dominion Bid because it offers more money for the Acquired Assets and less fees in terms of bid protections," Yellow said in a filing with the U.S. Bankruptcy Court in Delaware. The nearly 100-year-old company filed for bankruptcy with just $39 million cash on hand, which it said was not enough to run a months-long bankruptcy sale for its 12,000 trucks, real estate holdings and other assets.
Persons: Mike Blake, Yellow, Estes, Ducera, Juby Babu, Subhranshu Sahu Organizations: U.S, Trucking, Express, Old Dominion, Old, Bankruptcy, Ducera Partners, International Brotherhood of Teamsters, Thomson Locations: Mexico, San Diego , California, U.S, Delaware, Bengaluru
☆ Investing in Space: The latecomer
  + stars: | 2023-03-23 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +3 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. A small group of Virgin Orbit employees are rolling back into the company's Long Beach, California, headquarters today. Virgin Orbit this week announced a partial resumption of operations, potentially bolstered by a surprising new backer: private investor Matthew Brown. A person close to the Virgin Orbit deal described Brown as a "latecomer" and said company leadership initially considered his bid "super fringe." From another investor's perspective, Virgin Orbit was "the most likely to succeed after Rocket Lab " in the small satellite launch market.
☆ Virgin Orbit scrambles to avoid bankruptcy as deal talks continue
  + stars: | 2023-03-20 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +2 min
Virgin Orbit is scrambling to secure a funding lifeline and avoid bankruptcy, which could come as early as this week without a deal, CNBC has learned. Virgin Orbit CEO Dan Hart and other senior leadership held daily talks with interested parties through the weekend, according to people familiar with the matter, who asked to remain anonymous in order to discuss internal matters. At the same time, Virgin Orbit is bracing for a potential bankruptcy filing as soon as this week, one person said. A Virgin Orbit spokesperson declined to comment. Shares of Virgin Orbit have continued to fall since its pause in operations, with its stock slipping to near 50 cents a share in Monday trading.
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