RXO Stock Soars. C.H. Robinson Is Buying It for Implied Value of $5.8 Billion. - Barron's

Freight broker RXO is being acquired by C.H. Robinson Worldwide for $5.8 billion

C.H. Robinson Worldwide is buying freight broker RXO for $5.8 billion. This merges two big logistics firms. The goal is to enhance efficiency and expand market reach. RXO's stock has increased recently, suggesting investors like the deal. The sale should finish soon, but it needs permission from regulators.

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