C.H. Robinson to Acquire RXO in $5.8 Billion Cash Deal

Key Facts

1C.H. Robinson agreed to acquire RXO in a cash deal valued at $5.8 billion.

2The acquisition price of $30.25 per share caused RXO stock to surge by more than 20%.

C.H. Robinson agreed to acquire RXO in a cash deal valued at $5.8 billion. Benzinga reported that the acquisition price of $30.25 per share caused RXO stock to surge by more than 20%.

The merger aims to scale operations in the freight brokerage and logistics sector by creating a combined entity with approximately $25 billion in revenue. This move is intended to consolidate market share amid significant M&A activity within the logistics industry.