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CH Robinson agrees to buy RXO in $5.8bn deal
CH Robinson has agreed to acquire RXO in a deal with an implied value of $5.8 billion, a 29% premium for shareholders and targeted annual savings of $300 million.
CH Robinson has agreed to buy RXO. The deal has an implied value of $5.8 billion, with shareholders receiving a 29% premium.
The merger is intended to combine CH Robinson's global forwarding and multimodal network with RXO's North American truck brokerage operation, as well as its expedited and last-mile businesses.
The buyer expects the merger to deliver $300 million in annual savings. The supplied text does not specify full closing timelines or final deal terms.
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