RXO Announces Purchase Agreements With MFN Partners And Certain Accounts Managed By Orbis Investments For A $550M Private Financing
Portfolio Pulse from Benzinga Newsdesk
RXO has announced purchase agreements with MFN Partners and certain accounts managed by Orbis Investments for a $550 million private financing.
August 12, 2024 | 8:18 pm
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RXO has secured $550 million in private financing through agreements with MFN Partners and Orbis Investments. This significant capital infusion is likely to enhance RXO's financial stability and support its growth initiatives.
The $550 million private financing deal is a substantial capital infusion for RXO, which is likely to improve its financial stability and support its growth initiatives. This positive development is expected to have a favorable impact on RXO's stock price in the short term.
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