RXO (RXO) acquires Coyote Logistics from UPS (UPS) for approximately $1B
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RXO To Acquire Coyote Logistics From UPS
June 23, 2024 1:55 PM EDTCreates the third-largest provider of brokered transportation in North America a scaled industry leader Strategic transaction immediately and significantly accretive to RXOs adjusted diluted earnings per share and adjusted free cash flow Expands RXOs market position with increased capacity for customers and increased access to freight for carriers Purchase price of $1.025 billion in cash RXO to fund the transaction with mix of equity and debt that is expected to be neutral to leverage; fully committed equity from two of RXOs largest shareholders represents... More
