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 acquiring freight broker RXO for $5.8 billion. This merges two big logistics firms. The goal is to make operations smoother and increase market presence. RXO's stock has increased recently, suggesting investors like the deal. The sale should finish soon, but it needs approval from regulators.

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