C.H. Robinson Worldwide to Acquire RXO for $5.8 Billion; RXO Shares Surge Pre-Bell

MT newswire2026/10/05 11:37

07:37 AM EDT, 10/05/2026 (MT Newswires) -- C.H. Robinson Worldwide (CHRW) said Monday it has agreed to acquire RXO (RXO) in a cash-and-stock deal valued at $5.8 billion. Shares of RXO rose more than 20% pre-bell Monday, while C.H. Robinson fell more than 10%. Under the terms of the deal, RXO shareholders will have the option to receive $17.25 per share in cash and 0.0856 shares of C.H. Robinson common stock for each RXO share they own, which C.H. Robinson said represents an implied total consideration of $30.25 per share. RXO shareholders can also choose to receive an all-cash consideration of $30.25 per share, or an all-stock consideration of 0.1992 shares of C.H. Robinson, the companies said. RXO shareholders are expected to own 11% of the combined company. C.H. Robinson said the acquisition price represents a 27% premium to RXO's 90-day volume-weighted average price, and a 29% premium to RXO's closing price on Oct. 2. The combined company will have an enterprise value of over $25 billion, and C.H. Robinson said it expects to realize approximately $300 million of net run-rate cost synergies within two years after the deal closes.

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