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 purchasing freight broker RXO for $5.8 billion. This combines two big logistics firms. The goal is to make operations smoother and reach more markets. RXO's stock has grown recently, indicating investors like the deal. The sale should be completed shortly, but it needs approval from regulators.

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