C.H. Robinson is buying RXO for $5.8 billion in a cash-and-stock deal. Management expects $300 million in annual synergies and sees the deal being accretive to earnings in less than a year.
Baker Tilly Wealth Management LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,053 shares of the transportation company's stock, valued at approximately $748,000. Other hedge funds and other institutional
Neville Rodie and Shaw Inc. purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,595 shares of the transportation company's stock, valued at approximately $1,124,000. Several other
C.H. Robinson Worldwide NASDAQ: CHRW said it has entered into a definitive agreement to acquire RXO in a cash-and-stock transaction valued at an enterprise value of approximately $5.8 billion, a deal the company said would expand its logistics offerings, add network density and create an estimated $300 million in annual run-rate cost synergies.
C.H. Robinson Worldwide (CH Robinson Worldwide Inc (NASDAQ:CHRW)), the US freight forwarding company, agreed Monday to buy RXO (NYSE:RXO) in a stock-and-cash deal valued at $5.8 billion, strengthening its position in North American truck brokerage.
C.H. Robinson (CHRW) seeks to strengthen its transportation empire with an acquisition of RXO (RXO). As Diane King Hall points out, it's not the only acquisition moving Wall Street on Monday, highlighting Schneider Electric's $20 billion deal to buy PTC (PTC).
CH Robinson Worldwide has agreed to acquire truck broker RXO for about $5.8 billion in cash and stock, creating a logistics company with an enterprise value of more than $25 billion as the third-party logistics industry undergoes a wave of consolidation. The deal sent RXO shares about 24% higher at market open on Monday, while CH Robinson shares fell roughly 9% as investors weighed the strategic benefits against dilution and additional debt.
What happened C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) said it will acquire RXO Inc. in a stock-and-cash deal for $5.8 billion. The company said the combined enterprise value will be over $25 billion. RXO stockholders will receive $17.25 in cash and 0.0856 shares of C.H. Robinson common stock for each RXO share, or $30.25 per