C.H. Robinson to Acquire RXO for $5.8 Billion

C.H. Robinson Worldwide, Inc. (CHRW) entered into a merger agreement on October 5, 2026, to acquire RXO Inc. (RXO) in a $5.8 billion deal.

Deal Structure:

RXO stockholders will receive $17.25 per share in cash, and 0.0856 shares of C.H. Robinson common stock for each RXO share they own.

RXO stockholders may elect to receive either:

• the standard mixed consideration consisting of $17.25 in cash and 0.0856 shares of C.H. Robinson common stock,
• all-cash consideration of $30.25 per share or
• all-stock consideration of 0.1992 shares of C.H. Robinson common stock.

In each case, the consideration is subject to proration and adjustment procedures designed to ensure that, in the aggregate, about 57% of the merger consideration is paid in cash and 43% is paid in shares of C.H. Robinson common stock.

The consideration of $30.25 represents a premium of 29.38% from the stock’s last close.

Company Profile:

RXO is a Charlotte, North Carolina-based asset-light transportation company that connects shippers with carriers for truckload freight transportation across North America. It also provides managed transportation and last-mile delivery services.

C.H. Robinson Worldwide is a Minnesota-based third-party logistics provider that arranges freight transportation for shippers through truckload, LTL, ocean, air, and intermodal networks. It also provides managed transportation, customs brokerage, and fresh produce sourcing and distribution services.

Deal Details and Timeline:

The merger is expected to close in the first half of 2027.

MFN Partners has agreed to vote all of its shares, representing approximately 17% of RXO’s shares, in favor of the deal.

C.H. Robinson will use new debt to fund the cash portion of the deal and has secured a fully underwritten bridge loan from Morgan Stanley Senior Funding.

After the deal closes, C.H. Robinson plans to integrate RXO mainly into its NAST division.

RXO was advised by Goldman Sachs as its financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison as its legal counsel. C.H. Robinson was advised by Morgan Stanley as its financial advisor and Gibson, Dunn & Crutcher as its legal counsel.

C.H. Robinson is paying 49.66 times EBITDA for RXO.

Deal Metrics:

For a comprehensive understanding of this M&A transaction, refer to the Deal Metrics page here:

Deal Metrics for the acquisition of RXO Inc. (RXO) by C.H. Robinson Worldwide, Inc. (CHRW)

The Deal Metrics page provides in-depth information, including:

• A spread history chart of the merger progression from its announcement to completion or failure.
• All events as the merger navigates through the expiration of the HSR period, regulatory approvals, shareholder votes, etc.
• News and SEC filings.
• A history of deal updates.
• And much more.

Disclaimer: This article is intended for informational purposes only. Please conduct your own research and due diligence before investing in any of the securities mentioned. We cannot guarantee the accuracy or completeness of the data provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article