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 buying freight broker RXO for $5.8 billion. This unites two big logistics firms. The goal is to streamline operations and expand market reach. RXO's stock has risen recently, indicating investors like the deal. The sale should wrap up in the near future, but it needs authorization from regulators.

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