RXO, Inc. (RXO): M&A transaction — RXO completes $1.025B acquisition of Coyote Logistics from UPS

RXO, Inc.

Closed on Sept 16, 2024; purchase price of $1.025 billion in cash.
Now the third-largest provider of brokered transportation in North America.
Acquisition enhances market position, diversifies customer base, expands carrier network.
Historical audited financial statements of acquired business and pro forma combined information filed.
Amendment to Purchase Agreement added UPS Europe SRL as an additional seller.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

RXO, Inc. completed an acquisition involving United Parcel Service of America, Inc., UPS Corporate Finance S.À R.L., UPS SCS (UK) LTD., and UPS Europe SRL for $1.025 billion in cash (closed 2024-09-16).

Action: acquisition
Counterparty: United Parcel Service of America, Inc., UPS Corporate Finance S.À R.L., UPS SCS (UK) LTD., and UPS Europe SRL
Consideration: $1.025 billion in cash
Closing: 2024-09-16

Exact text from the filing

completed the Acquisition of the Business from the Sellers. Pursuant to the terms of the Agreement, RXO purchased the Business for payment on the Closing Date of approximately $1.025 billion in cash, subject to certain customary adjustments. The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the Purchase Agreement, a copy

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RXO, Inc. filing history →

Source: SEC EDGAR

accession 0000950142-24-002381

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