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 unites two big logistics firms. The goal is to make operations smoother and expand market reach. RXO's stock has grown recently, showing investors like the deal. The sale should be completed shortly, but it needs permission from regulators.

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