RXO gains after C.H. Robinson unveils $5.8 billion acquisition
RXO•C.H. Robinson said it would acquire RXO in a stock-and-cash transaction valued at $5.8 billion. RXO shareholders would receive $17.25 per share in cash and 0.0856 C.H. Robinson shares; the deal is expected to close in the first half of 2027, subject to regulatory and RXO shareholder approval.
1. Deal terms
C.H. Robinson said it would acquire transportation broker RXO in a stock-and-cash transaction valued at $5.8 billion. RXO stockholders would receive $17.25 per share in cash and 0.0856 shares of C.H. Robinson common stock.
2. Shares and timing
RXO shares rose 21.6% in premarket trading, while C.H. Robinson shares fell 7.7%. The deal is expected to close in the first half of 2027 and requires regulatory and RXO stockholder approval.
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