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 buying freight broker RXO for $5.8 billion. This unites two big logistics firms. The goal is to make operations smoother and increase market presence. 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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