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 unites two big logistics firms. The goal is to enhance efficiency and expand market reach. RXO's stock has grown recently, showing investors like the deal. The sale should be completed shortly, but it needs approval from regulators.

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