BRIEF-UPS Announces Sale Of Coyote Logistics To Rxo Inc.-March 2024-www.financetom.com

BRIEF-UPS Announces Sale Of Coyote Logistics To Rxo Inc.

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BRIEF-UPS Announces Sale Of Coyote Logistics To Rxo Inc.

Jun 23, 2024 11:37 AM

June 23 (Reuters) - Ups:

* ANNOUNCES SALE OF COYOTE LOGISTICS TO RXO, INC.

* AGREEMENT TO SELL ITS COYOTE LOGISTICS BUSINESS UNIT TO

RXO,

INC., FOR $1.025 BILLION

* TRANSACTION IS EXPECTED TO CLOSE BY END OF YEAR

* UPON COMPLETION OF TRANSACTION, COMPANY WILL UPDATE ITS

FINANCIAL OUTLOOK

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