C.H. Robinson to acquire RXO for $5.8 billion

C.H. Robinson agreed to acquire RXO in a $5.8 billion deal, offering $30.25 per share, a 29% premium to RXO’s Oct. 2 closing price. The deal aims to diversify C.H. Robinson’s business and capitalize on RXO’s strengths in expedited and last-mile delivery.

Why it matters. C.H. Robinson and RXO shareholders will benefit from the acquisition, which aims to improve operations and realize cost savings.