US Stock Market Move | To be acquired by C.H. Robinson for approximately $5.8 billion, RXO Inc (RXO.US) surges 24%.

On Monday, truckload brokerage company RXO Inc (RXO.US) opened sharply higher, rising about 24% as of press time, with gains exceeding 40% in October. On the news front, C.H. Robinson (CHRW.US) agreed to acquire RXO Inc for approximately $5.8 billion, aiming to strengthen the combined company's logistics business. According to statements from both companies, RXO shareholders will receive $17.25 in cash per share and 0.0856 shares of C.H. Robinson stock, representing consideration of approximately $30.25 per share, a 29% premium to RXO's closing price last Friday. The transaction is expected to close in the first half of 2027. C.H. Robinson aims to diversify its business through the deal and fully leverage RXO's strengths in expedited delivery and last-mile logistics. The acquirer plans to use artificial intelligence to improve operations and achieve $300 million in cost savings within two years.