RXO, Inc. Announces $350M Offering to Fund Coyote Acquisition
Company Announcements

RXO, Inc. Announces $350M Offering to Fund Coyote Acquisition

RXO, Inc. ( (RXO) ) has provided an update.

RXO, Inc., a leader in asset-light transportation solutions, has announced a public offering of $350 million in common stock, with the option for underwriters to purchase an additional $52.5 million. The funds are earmarked to partially finance the acquisition of Coyote Logistics from UPS, though the offering is not contingent on the acquisition’s completion. If the deal does not go through, RXO will use the proceeds for general corporate purposes. The offering will be managed by Goldman Sachs & Co. LLC, BofA Securities, Citigroup, and Morgan Stanley, among others.

Find detailed analytics on RXO stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskRXO, Inc. Reports Strong Q3 2024 Results
TipRanks Auto-Generated NewsdeskRXO Reports Strong Q3 2024 Amid Coyote Acquisition
TheFlyRXO Inc. reports Q3 adjusted EPS 5c, consensus 4c
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App