C.H. Robinson Worldwide has agreed to acquire truck broker RXO for approximately $5.3 billion in cash and stock. This transaction is set to establish a logistics giant with annual revenue exceeding $25 billion. The agreement values RXO at $30.25 per share, representing a 29% premium over its previous closing price. The combined entity will leverage C.H. Robinson’s global multimodal platform alongside RXO’s North American brokerage and last-mile capabilities to offer more tailored services through a denser network.
The deal structure includes $17.25 in cash and 0.0856 shares for every RXO share, resulting in a consideration split of about 57% cash and 43% stock. RXO shareholders will hold an 11% stake in the new combined company. C.H. Robinson projects approximately $300 million in net run-rate cost synergies within two years of the closing, which is expected to occur in the first half of 2027.
To finance the cash portion, C.H. Robinson will utilize new debt financing. Consequently, the company plans to pause share repurchases until it achieves its target leverage ratio, a milestone expected by the end of 2028. This strategic move aims to enhance operational efficiency and expand market reach significantly.
来源: Wall Street Journal US Business · 由HeadlinesBriefing整理摘要