C.H. Robinson acquires RXO for $5.8B in largest brokerage deal
C.H. Robinson is acquiring RXO for approximately $5.8 billion in enterprise value—the largest truck brokerage deal in history. RXO shareholders will receive $30.25 per share in cash or a cash-and-stock mix. The deal targets $300 million in run-rate cost synergies within two years; at C.H. Robinson’s trailing P/E of 26, that implies roughly $7.8 billion in value, exceeding the purchase price. RXO had suffered ten consecutive quarters of net losses and a stock price that fell below $11 last November, while C.H. Robinson’s investment-grade credit rating—two notches above the cutoff—will be maintained post-merger according to ratings agency consultations.