secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0000950142-24-002381
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RXO completes $1.025B acquisition of Coyote Logistics from UPS
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000095014224002381/0000950142-24-002381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000095014224002381/eh240531958_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-002381

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer