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RXO shares surge following C.H. Robinson acquisition announcement

The Motley Fool +1 ·

RXO
RXO RXO Inc
$28.65 +22.54%
View chart & analysis →
CHRW CHRW -10.85%
  1. 1C.H. Robinson announced it will acquire RXO.
  2. 2RXO shares rose 20.6% as of 10:50 a.m. ET.
  3. 3The boards of both companies unanimously approved the merger.

So what's the key point?

C.H. Robinson decided to buy RXO. Following this news, RXO shares rose by 20.6%.

Source The Motley Fool +1 · View original ↗

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