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 purchasing freight broker RXO for $5.8 billion. This combines two big logistics firms. The goal is to streamline operations and reach more markets. RXO's stock has grown recently, suggesting investors like the deal. The sale should finish soon, but it needs authorization from regulators.

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