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

RXO is being bought by C.H. Robinson Worldwide for $5.8 billion

C.H. Robinson Worldwide is acquiring 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 risen recently, suggesting investors like the deal. The sale should finish soon, but it needs permission from regulators.

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