C.H. Robinson to acquire RXO in all-stock deal with cash option

C.H. Robinson has entered into a definitive merger agreement to acquire RXO. RXO shareholders will receive a combination of $17.25 cash and 0.0856 CHRW shares per RXO share, with alternatives to receive $30.25 cash or 0.1992 CHRW shares. The transaction is structured as a tax-qualified reorganization and is expected to close in H1 2027.

C.H. Robinson is buying RXO, another transportation company, for a mix of cash and CHRW stock. RXO shareholders can choose how much cash versus stock they want, within limits set by proration.