US Stocks Move | RXO (RXO.US) surges nearly 23% in pre-market after being acquired by C.H. Robinson Logistics (CHRW.US) for $5.8 billions
C.H. Robinson Logistics (CHRW.US) has agreed to acquire trucking brokerage company RXO (RXO.US) for approximately $5.8 billions, aiming to strengthen the logistics operations of the merged company.
According to Jinse Finance, C.H. Robinson Worldwide (CHRW.US) has agreed to acquire trucking brokerage RXO (RXO.US) for approximately $5.8 billion, in a move aimed at strengthening the logistics operations of the combined company. In a statement issued by both companies on Monday, RXO shareholders will receive $17.25 in cash and 0.0856 C.H. Robinson Worldwide shares for each RXO share, equivalent to a total consideration of about $30.25 per share—a 29% premium compared to RXO's closing price last Friday. Before the U.S. market opened on Monday, at the time of reporting, C.H. Robinson Worldwide fell nearly 9%, while RXO rose almost 23%.
The transaction is expected to be completed in the first half of 2027. C.H. Robinson Worldwide aims to diversify its business through this deal and fully leverage RXO's strengths in rapid 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.
The freight industry is struggling with high costs, including record diesel prices. This merger also comes after a U.S. Supreme Court ruling earlier this year that dealt a significant blow to the truck brokerage market—if a carrier’s driver is involved in a traffic accident, the brokerage could face lawsuits.
C.H. Robinson Worldwide stated it will fund the cash portion of the transaction through new debt financing and has signed a fully underwritten bridge loan agreement with Morgan Stanley Senior Funding. RXO shareholders are expected to own 11% of the combined company after the transaction concludes.
Morgan Stanley serves as financial advisor to C.H. Robinson Worldwide, while Goldman Sachs acts as financial advisor to RXO.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Strive CEO Says ASST Can Outrun Strategy in the Next Bitcoin Bull Market
Allegion Buys Overly Door Company
05:37 PM EDT, 10/05/2026 (MT Newswires) -- Allegion (ALLE) said late Monday it has acquired privately held Overly Door Company, a manufacturer of custom specialty doors for acoustic, blast, bullet-resistant and vault security. Overly, based in Greensburg, Pennsylvania, will operate as part of the Allegion Americas segment, it said. Terms of the transaction weren't disclosed.
Updated Version 3 - According to the Financial Times, McKesson and CD&R are close to reaching a deal worth more than $5 billion to acquire Option Care.
In the fifth paragraph, a quote from analyst Sahil Pandey was added. Reuters, October 5 - According to the Financial Times, citing informed sources, pharmaceutical distributor McKesson (MCK.N) and private equity firm Clayton Dubilier & Rice are about to reach an acquisition agreement to purchase infusion service provider Option Care Health, with the deal valued (including debt) at over 5 billions USD. After the report was published, Option Care's share price rose by 21% in after-hours trading. The report stated that the deal could be announced as early as Tuesday, but negotiations could still fall through. This potential acquisition would be McKesson’s latest move in expanding its healthcare services portfolio. In August this year, the company agreed to acquire Precision Medicine Group for about 2.25 billions USD (link), as part of its effort over the years to strengthen high-growth business sectors. Leerink Partners analyst Michael Cherny said the “strategic logic” of the deal makes sense, as it would expand McKesson’s business from physician offices to care settings in the home and alternative sites. Option Care provides infusion services that allow patients to receive intravenous treatments at home or other outpatient settings, eliminating the need to go to the hospital. McKesson has previously been restructuring its business portfolio by divesting non-core assets and investing in fields such as oncology and specialty care (link). Driven by the growth of its specialty distribution business and contributions from acquisitions, revenue for its oncology and multi-specialty business segment grew by 33% in the latest fiscal quarter. McKesson declined to comment, while CD&R and Option Care did not immediately respond to Reuters’ requests for comment regarding the report. (For non-English speakers' convenience, Reuters offers automated machine translations of its reports in several languages. As there may be mistakes in the automated translations or some context may not be included, Reuters does not guarantee the accuracy of the automated translation text, which is provided solely for readers’ convenience. Reuters bears no responsibility for any damages or losses caused by the use of automated translation functions.)
Centalion acquires Hainesville natural gas assets from Silver Hill
Reuters, October 5 - Centalion Group announced on Monday that it has acquired upstream and midstream natural gas assets in the Haynesville region of Texas and Louisiana from Texas-based private shale company Silver Hill Energy Partners. The commodities trader, formerly known as Gunvor, rebranded as Centalion Group last week (link), and stated plans to relocate its corporate headquarters from Cyprus to Singapore. A spokesperson for Centalion Group said the Haynesville platform, composed of Post Oak and Silver Hill assets, has an enterprise value of approximately $2 billion. In August, Reuters cited sources stating that Centalion Group (link) was negotiating the acquisition of Silver Hill's assets, with a deal valued between $1.2 billion and $1.5 billion. The assets currently produce about 300 million cubic feet per day of natural gas (MMcfd), and the portfolio includes approximately 72,000 net acres in the Haynesville and Bossier development areas. "Our consideration was to establish operations in this basin, a hub for both domestic and export markets, in order to seize this option and create value from it," the spokesperson added. (To assist non-English speakers, Reuters offers automated translation of its reports into several other languages. Due to possible errors in automated translations or missing required context, Reuters does not guarantee the accuracy of automated translation texts, and provides them solely for readers' convenience. Reuters is not liable for any damages or losses resulting from the use of the automated translation feature.)
