C.H. Robinson to Acquire RXO for $5.8B in Stock-and-Cash Deal
CHRW sits 19% above its 52-week low of $123.64.
Summary
C.H. Robinson agreed to acquire RXO for $5.8 billion in a stock-and-cash deal, creating a $25B+ logistics platform with $300M in expected cost synergies.
Key Events · M&A and Partnerships · CHRW
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Definitive Merger Agreement Signed
C.H. Robinson to acquire 100% of RXO for $5.8B implied enterprise value. RXO stockholders receive $17.25 cash + 0.0856 CHRW shares per share (implied $30.25), with all-cash ($30.25) and all-stock (0.1992) election options subject to proration.
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$4.5B Bridge Financing Secured
Morgan Stanley Senior Funding committed to a 364-day senior unsecured bridge term loan facility of up to $4.5 billion to finance the cash consideration, refinance RXO's credit facility, and backstop amendments to CHRW's existing debt.
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$300M Cost Synergies Expected
Management expects approximately $300 million of net run-rate cost synergies within two years post-close by applying CHRW's Lean AI operating model to RXO's business, with mid-teens adjusted EPS accretion by 2028.
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MFN Partners Support Agreement
MFN Partners, LP (holding 17.04% of RXO shares) agreed to vote in favor of the transaction and not transfer its shares, subject to certain exceptions.
Analysis · CHRW · Energy & Transportation
C.H. Robinson is acquiring RXO, a top-5 freight broker, for an implied $5.8 billion — a transformative deal that creates a $25B+ logistics platform. RXO stockholders get $17.25 cash plus 0.0856 CHRW shares per share (implied $30.25 total), with all-cash and all-stock election options subject to proration. The deal is backed by a $4.5 billion bridge facility from Morgan Stanley and a voting agreement from MFN Partners (17% of RXO). Management expects $300 million in net run-rate cost synergies within two years and mid-teens adjusted EPS accretion by 2028. This is the largest M&A move in C.H. Robinson's recent history and reshapes its competitive position in North American truck brokerage.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 42.7% of the 288 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CHRW was trading at $146.60 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $18.4B. The 52-week trading range was $123.64 to $210.33. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.