secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001104659-24-097965
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RXO files Coyote Logistics financials for $1.025B acquisition from UPS
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- RXO to acquire Coyote Logistics (UPS's truckload brokerage) for $1.025B cash.
- HSR waiting period expired Aug 1, 2024; closing subject to customary conditions.
- Coyote revenue $3.15B in 2023 (down 34% from $4.77B in 2022); net loss of $70M.
- Coyote 2023 includes $111M intangible asset impairment charge; operating loss of $90M.
- RXO pro forma combined financials filed; transaction expected to close in H2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000110465924097965/0001104659-24-097965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000110465924097965/tm2423272d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-097965

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