C.H. Robinson to buy RXO in $5.8 billion stock-and-cash deal

C.H. Robinson Worldwide disclosed a $5.8 billion stock-and-cash transaction to acquire freight broker RXO, forming a logistics entity with an enterprise value exceeding $25 billion. RXO shareholders will receive $17.25 per share in cash and 0.0856 C.H.

Robinson shares, representing a 29% premium to the prior close, with the consideration split 57% cash and 43% stock. To finance the cash portion, C.H. Robinson will incur new debt backed by a fully underwritten bridge facility from Morgan Stanley and will suspend buybacks until leverage normalizes.

The merger, approved unanimously by both boards, will place RXO mainly within C.H. Robinson’s NAST division, aiming for roughly $300 million of run-rate cost synergies within two years and adjusted EPS accretion within nine months, rising to mid-teens by 2028. Executives highlighted the combination’s expanded scale, capabilities, and AI-driven operating model. The transaction, expected to close in the first half of 2027 subject to regulatory and shareholder approval, follows recent consolidation in the third-party logistics sector, such as FedEx’s sale of its Supply Chain unit to CMA CGM.