Deals
UPS Said to Be in Talks to Buy Coyote Logistics for $1.8 Billion
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United Parcel Service Inc. is in talks to buy Coyote Logistics LLC for about $1.8 billion, two people with knowledge of the matter said.
A deal for the Chicago-based provider of transport-management services could be reached as soon as this month, said one of the people, who asked not to be identified because the information is private. No agreement has been reached and discussions could still fall apart. Coyote is backed by New York-based private equity firm Warburg Pincus, which first invested in the company in 2007.