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

C.H. Robinson Worldwide is making a $5.8 billion purchase of freight broker RXO

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 expand market reach. 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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