C.H. Robinson to acquire RXO in a $5.8 billion stock-and-cash transaction

C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) and RXO Inc. (NYSE: RXO) have entered into a definitive agreement for C.H. Robinson to acquire RXO for an implied value of $5.8 billion. The acquisition is expected to create a combined company with an enterprise value exceeding $25 billion and generate approximately $300 million in net run-rate cost synergies within two years post-close.