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 buying freight broker RXO for $5.8 billion. This merges two big logistics firms. The goal is to make operations smoother and reach more markets. RXO's stock has increased recently, indicating investors like the deal. The sale should finish soon, but it needs permission from regulators.

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