RXO shares soar as C.H. Robinson announces $5.8B cash and stock buyout

C.H. Robinson Worldwide Inc. has announced it will acquire RXO Inc. in a deal valued at $5.8 billion, with RXO stockholders receiving $17.25 per share in cash and 0.0856 shares of C.H. Robinson common stock for each RXO share. The transaction represents a premium of 27% to RXO's 90-day volume-weighted average price and 29% to its most recent closing price.

RXO will own 11% of the combined company post-deal, and the merged entity is expected to have an enterprise value exceeding $25 billion. C.H. Robinson anticipates achieving $300 million in net run-rate cost synergies within two years of the acquisition, with the deal anticipated to be accretive to adjusted earnings per share within nine months and mid-teens accretive to adjusted EPS in 2028.

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