Fri, Aug 2, 10:33 AM (88 days ago)
On August 1, 2024, RXO, Inc. filed a Form 8-K announcing the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its acquisition of UPS's technology-driven, asset-light truckload freight brokerage services business, along with certain assets in the UK, for $1.025 billion in cash. The transaction, initially disclosed on June 21, 2024, remains subject to customary closing conditions, including accuracy of representations, compliance with covenants, and execution of ancillary agreements. RXO anticipates completing the transaction by the end of 2024. The report also includes cautionary statements about forward-looking information and potential risks related to the transaction.