UPS - RXO Alnylam Pharmaceuticals And Other Big Stocks Moving Lower In Monday's Pre-Market Session | Benzinga
U.S. stock futures were mostly higher this morning, with the Dow futures gaining around 100 points on Monday.
Shares of RXO, Inc.. (NYSE:RXO) shares rose sharply in today's pre-market trading after the company inked a definitive agreement to acquire Coyote Logistics from United Parcel Service, Inc. (NYSE:UPS) for $1.025 billion in cash.
As per the terms, the transaction disclosed on Sunday will be financed through a combination of equity and debt, including a $300 million equity investment from MFN Partners and a $250 million equity investment from Orbis Investments, both significant ...