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, showing investors like the deal. The sale should wrap up in the near future, but it needs permission from regulators.

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