Changes in US stocks | RXO (RXO.US) rose nearly 23% before the market and was acquired by Robinson Logistics (CHRW.US) for US$5.8 billion

The Zhitong Finance App learned that Robinson Logistics (CHRW.US) agreed to acquire the truck transportation brokerage company RXO (RXO.US) at a price of about 5.8 billion US dollars. This move is aimed at strengthening the logistics business of the merged company. The two companies said in a statement on Monday that RXO shareholders will receive $17.25 per share in cash and 0.0856 shares of Robinson Logistics shares, or about $30.25 per share, a 29% premium over RXO's closing price last Friday. Before the US stock market on Monday, as of press release, Robinson Logistics had fallen nearly 9%, and RXO had risen nearly 23%.

The deal is expected to close in the first half of 2027. Through this transaction, Robinson Logistics aims to diversify its business and take full advantage of RXO's advantages in fast delivery and last-mile logistics. The acquirer plans to use artificial intelligence to improve operations and achieve $300 million in cost savings over two years.

The freight industry is struggling to cope with high costs, including record diesel prices. The merger also comes after a US Supreme Court ruling earlier this year that had a huge impact on the trucking brokerage market—if the carrier's driver had a traffic accident, the brokerage company would face lawsuits.

Robinson Logistics said it will fund the cash portion of the deal through new debt financing and has reached a fully underwritten bridging loan agreement with Morgan Stanley Advanced Finance. RXO shareholders are expected to hold 11% of the combined company's shares after the transaction is completed.

Morgan Stanley acted as financial advisor to Robinson Logistics and Goldman Sachs acted as financial advisor to RXO.