RXO to Be Acquired by C.H. Robinson for $30.25/Share in $5.8B Deal
RXO has more than doubled off its 52-week low of $10.425 on elevated volume (2.0× avg).
Summary
RXO agreed to be acquired by C.H. Robinson for $30.25 per share in a $5.8 billion stock-and-cash transaction, with closing expected in the first half of 2027.
Updates
· Wiseek News — RXO secured a $4.5B, 364-day senior unsecured bridge loan led by Morgan Stanley to fund its merger and replace its existing credit facility.
· SEC SCHEDULE 13D — MFN Partners' voting agreement covers 32,687,269 shares (19.3% of RXO), including 4,577,327 warrants.
· SEC 425 — C.H. Robinson expects to return to its target leverage range of 1.75x to 2.25x net debt to LTM adjusted EBITDA by the end of 2028 and intends to pause share repurchases until then.
· Reuters — RXO shares fell 15% after the deal announcement.
Key Events · M&A and Partnerships · RXO
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Definitive Merger Agreement Signed
RXO entered into a definitive agreement to be acquired by C.H. Robinson for $17.25 cash plus 0.0856 CHRW shares per RXO share, implying $30.25 per share total consideration and a $5.8 billion transaction value.
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Election Mechanics and Proration
Stockholders may elect all-cash ($30.25), all-stock (0.1992 CHRW shares), or standard mixed consideration, subject to proration designed to maintain approximately 57% cash / 43% stock aggregate mix.
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Largest Stockholder Commits Support
MFN Partners, LP signed a voting and support agreement covering 28,109,942 shares (~17.04% of outstanding), agreeing to vote in favor of the transaction and not transfer its shares.
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Bridge Financing Secured
C.H. Robinson obtained a $4.5 billion 364-day senior unsecured bridge term loan commitment from Morgan Stanley Senior Funding to finance the cash consideration and refinance RXO's existing credit facility.
Analysis · RXO · Energy & Transportation
RXO agreed to be acquired by C.H. Robinson for $30.25 per share — $17.25 cash plus 0.0856 CHRW shares — a 27% premium to RXO's 90-day VWAP. The $5.8 billion transaction creates a combined company with over $25 billion enterprise value. MFN Partners, RXO's largest holder at ~17%, signed a support agreement to vote in favor. C.H. Robinson secured a $4.5 billion bridge facility from Morgan Stanley to fund the cash portion. The deal is expected to close in the first half of 2027, subject to RXO stockholder approval and regulatory clearance. A $175 million termination fee protects C.H. Robinson if RXO walks away for a superior proposal.
How filings like this one have moved
In the 30 days to Oct 12, 2026, 43.9% of the 287 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.58%. 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, RXO was trading at $28.72 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $10.43 to $29.90. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.