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

C.H. Robinson Worldwide acquires freight broker RXO 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 streamline operations and reach more markets. RXO's stock has increased recently, suggesting investors like the deal. The sale should be completed shortly, but it needs permission from regulators.

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