Brief: UPS Announces Sale Of Coyote Logistics To Rxo Inc.

RXO

23/06/2024 19:02

June 23 (Reuters) - Ups  UPS.N :
    * 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

Source text for Eikon:  ID:nBw27h9xya 
Further company coverage:  UPS.N 

 ((Reuters.Briefs@thomsonreuters.com;))