C.H. Robinson Worldwide plans to acquire brokerage and transportation provider RXO in a stock-and-cash transaction valued at $5.8 billion, the companies announced October 5. RXO shareholders will receive $17.25 in cash plus about 0.0856 C.H. Robinson shares per RXO share, for implied consideration of $30.25 a share, a 29 percent premium to RXO’s October 2 close and a 27 percent premium to its 90-day volume-weighted average price. Shareholders can elect all-cash or all-stock consideration, subject to proration to keep the mix at roughly 57 percent cash and 43 percent stock. RXO holders are expected to own about 11 percent of the combined company.
The combined company will have an enterprise value topping $25 billion, with roughly 93,000 shippers and 600,000 carriers, plus RXO’s brokerage, expedited and last-mile services folded into C.H. Robinson’s global multimodal network. The merger agreement includes a $175 million termination fee, a $4.5 billion bridge loan commitment and a voting agreement with a 17.04 percent RXO stockholder, per the SEC 8-K.
C.H. Robinson expects about $300 million of net run-rate cost synergies within two years of closing by applying its “Lean AI” operating model and AI agents across RXO’s workflows, consolidating real estate and moving RXO’s external services to existing C.H. Robinson vendors. Navisphere becomes the system of record for overlapping truckload and less-than-truckload services. Closing is expected in the first half of 2027.