C.H. Robinson's $30.25 RXO price was worth $29.29 at 4 p.m. on announcement day
C.H. Robinson agreed to buy rival truck broker RXO for cash and stock, the companies said Oct. 5. The two investors that put $550 million into RXO in 2024 back the sale, one with a signed pledge to vote yes.
KeyVex News··5 min readFact-checked against 10 public recordsKeyVex News··5 min readFact-checked against 10 public records
RXO$23.38▲ 9.5%Close, Oct. 2. Prices from Tiingo.The short versionTap to readTap to close
- A cash price is fixed; a price paid partly in the buyer's stock is not. Each RXO share gets $17.25 in cash plus 0.0856 of a C.H. Robinson share, valued together at $30.25.
- That value used C.H. Robinson's 16-day average price, $151.88. At its 4 p.m. price on Oct. 5, $140.61, each RXO share's cash and stock came to $29.29, by KeyVex's math.
- In 2024, MFN Partners and Orbis-managed accounts bought new RXO stock at $20.21 a share to help fund an acquisition. RXO later closed as low as $10.48, on Nov. 20, 2025.
- The sale needs a majority of RXO's shares. MFN, with about 17%, agreed to vote for it. Orbis, which calls itself RXO's largest shareholder, said it fully supports it.
- It also needs antitrust clearance. The companies expect it to close in the first half of 2027.
The deal: C.H. Robinson agreed on Oct. 4 to buy RXO, a rival truck broker, the companies said before the market opened on Oct. 5. They put the deal's value at $5.8 billion.8-KRelease Each RXO share gets $17.25 in cash and 0.0856 of a C.H. Robinson share, which the companies value at $30.25.8-K That is 29% above RXO's Oct. 2 close and 27% above its average price over 90 days.Release
The price: The cash is fixed. The stock is not. The $30.25 rests on C.H. Robinson's average price over the 16 days to Oct. 2, $151.88.Release On Oct. 5, C.H. Robinson's stock fell 10.8%, to $140.61 at 4 p.m.Quote At that price, each RXO share's cash and stock add up to $29.29, by KeyVex's math. RXO's stock rose 22.5% that day, to $28.65.Quote
Who decides: The sale needs the votes of a majority of RXO's outstanding shares.8-K MFN Partners, with about 17%, has signed an agreement to vote for it. Orbis, which calls itself RXO's largest shareholder, says it fully supports the deal.Support agreementRelease The two put about $550 million into RXO in 2024 to help fund its purchase of Coyote Logistics, investments RXO announced with that deal in June.Release In August, they bought the new stock at $20.21 a share.8-K From then through Oct. 2, RXO closed below $20.21 on 322 of 537 trading days.Chart data
RXO's stock, from the Coyote deal to C.H. Robinson'sDaily close, June 3, 2024 to Oct. 2, 2026 ▲ 15.0%Show chartHide chart
- 1June 24, 2024 RXO announces a deal to buy Coyote Logistics from UPS. For $1.025 billion in cash, with $550 million of equity from MFN Partners and Orbis. RXO closes at $24.85, up from $20.21 on the last trading day before the announcement.
- 2July 30, 2024 RXO's record close. $31.90, matched on Nov. 6, 2024. The highest close in KeyVex's RXO prices.
- 3Aug. 12, 2024 MFN Partners and Orbis sign the purchase agreements. For the investment announced in June: new shares at $20.21, the June 21 close. RXO closes at $28.13.
- 4Nov. 20, 2025 RXO's lowest close. $10.48, the lowest in KeyVex's RXO prices.
- 5Feb. 12, 2026 MFN buys 532,276 more shares at $12.00. Its Form 4 shows the purchase. RXO closes at $12.99.
- 6Oct. 2, 2026 The last close before the deal. $23.38. The companies' $30.25 is a 29% premium to it.
View the data (586 trading days)
| Date | Close | Day change |
|---|---|---|
| 2026-10-02 | $23.38 | +9.5% |
| 2026-10-01 | $21.36 | +4.4% |
| 2026-09-30 | $20.46 | −1.2% |
| 2026-09-29 | $20.71 | +2.8% |
| 2026-09-28 | $20.15 | +1.8% |
| 2026-09-25 | $19.79 | −0.7% |
| 2026-09-24 | $19.93 | +0.3% |
| 2026-09-23 | $19.88 | +0.5% |
| 2026-09-22 | $19.79 | +0.4% |
| 2026-09-21 | $19.72 | −2.7% |
| 2026-09-18 | $20.26 | +0.5% |
| 2026-09-17 | $20.15 | +5.6% |
| 2026-09-16 | $19.08 | −2.5% |
| 2026-09-15 | $19.57 | +0.6% |
| 2026-09-14 | $19.46 | −0.2% |
| 2026-09-11 | $19.49 | −0.1% |
| 2026-09-10 | $19.51 | −2.6% |
| 2026-09-09 | $20.04 | +0.6% |
| 2026-09-08 | $19.92 | −3.6% |
| 2026-09-04 | $20.66 | +3.3% |
| 2026-09-03 | $20.00 | +1.1% |
| 2026-09-02 | $19.79 | −1.6% |
| 2026-09-01 | $20.11 | −5.4% |
| 2026-08-31 | $21.25 | −3.0% |
| 2026-08-28 | $21.91 | −1.7% |
| 2026-08-27 | $22.29 | +0.5% |
| 2026-08-26 | $22.19 | +2.8% |
| 2026-08-25 | $21.59 | +1.5% |
| 2026-08-24 | $21.28 | −5.6% |
| 2026-08-21 | $22.54 | +4.0% |
| 2026-08-20 | $21.67 | −2.3% |
| 2026-08-19 | $22.19 | −1.9% |
| 2026-08-18 | $22.63 | −3.5% |
| 2026-08-17 | $23.45 | −0.3% |
| 2026-08-14 | $23.52 | +0.9% |
| 2026-08-13 | $23.32 | +2.7% |
| 2026-08-12 | $22.71 | +5.7% |
| 2026-08-11 | $21.48 | +0.7% |
| 2026-08-10 | $21.33 | −1.7% |
| 2026-08-07 | $21.70 | +7.2% |
| 2026-08-06 | $20.24 | −3.6% |
| 2026-08-05 | $21.00 | −5.1% |
| 2026-08-04 | $22.13 | +6.7% |
| 2026-08-03 | $20.74 | +2.4% |
| 2026-07-31 | $20.25 | −1.6% |
| 2026-07-30 | $20.57 | −7.7% |
| 2026-07-29 | $22.29 | −1.5% |
| 2026-07-28 | $22.64 | −6.1% |
| 2026-07-27 | $24.11 | −5.9% |
| 2026-07-24 | $25.63 | −7.7% |
| 2026-07-23 | $27.77 | −3.2% |
| 2026-07-22 | $28.70 | −2.0% |
| 2026-07-21 | $29.30 | +1.5% |
| 2026-07-20 | $28.87 | −1.4% |
| 2026-07-17 | $29.29 | +2.6% |
| 2026-07-16 | $28.54 | +5.4% |
| 2026-07-15 | $27.07 | −3.5% |
| 2026-07-14 | $28.04 | +3.5% |
| 2026-07-13 | $27.09 | +3.2% |
| 2026-07-10 | $26.25 | −2.2% |
| 2026-07-09 | $26.85 | 0.0% |
| 2026-07-08 | $26.86 | 0.0% |
| 2026-07-07 | $26.87 | +1.1% |
| 2026-07-06 | $26.59 | −0.1% |
| 2026-07-02 | $26.61 | −4.1% |
| 2026-07-01 | $27.74 | +0.5% |
| 2026-06-30 | $27.59 | +1.4% |
| 2026-06-29 | $27.21 | +0.3% |
| 2026-06-26 | $27.12 | +0.8% |
| 2026-06-25 | $26.90 | +6.3% |
| 2026-06-24 | $25.30 | −0.7% |
| 2026-06-23 | $25.49 | −1.3% |
| 2026-06-22 | $25.82 | +1.7% |
| 2026-06-18 | $25.39 | +2.3% |
| 2026-06-17 | $24.82 | −8.8% |
| 2026-06-16 | $27.21 | −1.8% |
| 2026-06-15 | $27.71 | −2.3% |
| 2026-06-12 | $28.35 | −0.5% |
| 2026-06-11 | $28.50 | −0.9% |
| 2026-06-10 | $28.75 | −1.3% |
| 2026-06-09 | $29.12 | +3.7% |
| 2026-06-08 | $28.07 | +4.5% |
| 2026-06-05 | $26.86 | −2.8% |
| 2026-06-04 | $27.63 | +3.0% |
| 2026-06-03 | $26.83 | −0.4% |
| 2026-06-02 | $26.95 | +0.3% |
| 2026-06-01 | $26.87 | +5.0% |
| 2026-05-29 | $25.58 | −1.2% |
| 2026-05-28 | $25.90 | +3.4% |
| 2026-05-27 | $25.05 | +0.2% |
| 2026-05-26 | $25.00 | +2.6% |
| 2026-05-22 | $24.37 | 0.0% |
| 2026-05-21 | $24.36 | +2.1% |
| 2026-05-20 | $23.85 | +12.9% |
| 2026-05-19 | $21.13 | +10.6% |
| 2026-05-18 | $19.10 | +2.2% |
| 2026-05-15 | $18.69 | +6.7% |
| 2026-05-14 | $17.51 | −11.6% |
| 2026-05-13 | $19.81 | −1.2% |
| 2026-05-12 | $20.05 | −3.1% |
| 2026-05-11 | $20.70 | −4.8% |
| 2026-05-08 | $21.75 | −5.9% |
| 2026-05-07 | $23.11 | +17.8% |
| 2026-05-06 | $19.62 | +7.9% |
| 2026-05-05 | $18.19 | +2.8% |
| 2026-05-04 | $17.70 | −9.6% |
| 2026-05-01 | $19.59 | −1.9% |
| 2026-04-30 | $19.97 | +4.7% |
| 2026-04-29 | $19.08 | −2.3% |
| 2026-04-28 | $19.52 | +0.5% |
| 2026-04-27 | $19.43 | +0.3% |
| 2026-04-24 | $19.38 | +0.4% |
| 2026-04-23 | $19.30 | +0.9% |
| 2026-04-22 | $19.13 | −2.3% |
| 2026-04-21 | $19.58 | +0.1% |
| 2026-04-20 | $19.56 | +4.6% |
| 2026-04-17 | $18.70 | +4.0% |
| 2026-04-16 | $17.98 | +9.2% |
| 2026-04-15 | $16.47 | +1.4% |
| 2026-04-14 | $16.24 | +1.1% |
| 2026-04-13 | $16.06 | 0.0% |
| 2026-04-10 | $16.06 | +0.3% |
| 2026-04-09 | $16.01 | −1.5% |
| 2026-04-08 | $16.26 | +5.0% |
| 2026-04-07 | $15.49 | +1.1% |
| 2026-04-06 | $15.32 | +2.5% |
| 2026-04-02 | $14.94 | −0.9% |
| 2026-04-01 | $15.08 | +3.1% |
| 2026-03-31 | $14.62 | +6.3% |
| 2026-03-30 | $13.76 | −0.9% |
| 2026-03-27 | $13.88 | −2.3% |
| 2026-03-26 | $14.20 | −1.3% |
| 2026-03-25 | $14.38 | +3.3% |
| 2026-03-24 | $13.92 | +4.6% |
| 2026-03-23 | $13.31 | +0.6% |
| 2026-03-20 | $13.23 | −2.9% |
| 2026-03-19 | $13.62 | +1.8% |
| 2026-03-18 | $13.38 | +2.9% |
| 2026-03-17 | $13.00 | +8.7% |
| 2026-03-16 | $11.96 | −1.3% |
| 2026-03-13 | $12.12 | +0.2% |
| 2026-03-12 | $12.09 | −4.9% |
| 2026-03-11 | $12.71 | −5.1% |
| 2026-03-10 | $13.40 | −3.1% |
| 2026-03-09 | $13.83 | +0.7% |
| 2026-03-06 | $13.74 | −11.1% |
| 2026-03-05 | $15.45 | −6.5% |
| 2026-03-04 | $16.53 | +0.5% |
| 2026-03-03 | $16.44 | +1.0% |
| 2026-03-02 | $16.27 | +1.9% |
| 2026-02-27 | $15.96 | +2.4% |
| 2026-02-26 | $15.58 | +5.8% |
| 2026-02-25 | $14.72 | −0.8% |
| 2026-02-24 | $14.84 | +1.2% |
| 2026-02-23 | $14.66 | −7.0% |
| 2026-02-20 | $15.76 | +0.4% |
| 2026-02-19 | $15.69 | −1.1% |
| 2026-02-18 | $15.86 | +6.9% |
| 2026-02-17 | $14.83 | +9.8% |
| 2026-02-13 | $13.51 | +4.0% |
| 2026-02-12 | $12.99 | −20.5% |
| 2026-02-11 | $16.33 | −0.4% |
| 2026-02-10 | $16.39 | +2.1% |
| 2026-02-09 | $16.05 | −5.0% |
| 2026-02-06 | $16.90 | +1.9% |
| 2026-02-05 | $16.58 | −2.8% |
| 2026-02-04 | $17.05 | +7.0% |
| 2026-02-03 | $15.94 | +2.9% |
| 2026-02-02 | $15.49 | +6.2% |
| 2026-01-30 | $14.58 | −2.0% |
| 2026-01-29 | $14.88 | +1.9% |
| 2026-01-28 | $14.60 | +0.5% |
| 2026-01-27 | $14.53 | −3.8% |
| 2026-01-26 | $15.10 | −2.9% |
| 2026-01-23 | $15.55 | −1.8% |
| 2026-01-22 | $15.83 | +1.9% |
| 2026-01-21 | $15.53 | +6.1% |
| 2026-01-20 | $14.64 | −2.3% |
| 2026-01-16 | $14.99 | −3.8% |
| 2026-01-15 | $15.58 | +2.4% |
| 2026-01-14 | $15.21 | +0.5% |
| 2026-01-13 | $15.13 | +2.6% |
| 2026-01-12 | $14.75 | 0.0% |
| 2026-01-09 | $14.75 | +2.1% |
| 2026-01-08 | $14.45 | +5.6% |
| 2026-01-07 | $13.69 | −4.7% |
| 2026-01-06 | $14.37 | +8.5% |
| 2026-01-05 | $13.25 | +3.2% |
| 2026-01-02 | $12.84 | +1.6% |
| 2025-12-31 | $12.64 | −0.5% |
| 2025-12-30 | $12.70 | +1.0% |
| 2025-12-29 | $12.57 | −1.1% |
| 2025-12-26 | $12.71 | −0.2% |
| 2025-12-24 | $12.73 | −0.2% |
| 2025-12-23 | $12.75 | −2.8% |
| 2025-12-22 | $13.12 | −3.2% |
| 2025-12-19 | $13.56 | −4.6% |
| 2025-12-18 | $14.22 | +2.4% |
| 2025-12-17 | $13.89 | −5.1% |
| 2025-12-16 | $14.64 | −2.4% |
| 2025-12-15 | $15.00 | −2.8% |
| 2025-12-12 | $15.43 | −0.5% |
| 2025-12-11 | $15.51 | +2.5% |
| 2025-12-10 | $15.13 | +4.3% |
| 2025-12-09 | $14.51 | +2.8% |
| 2025-12-08 | $14.12 | −2.1% |
| 2025-12-05 | $14.43 | +1.3% |
| 2025-12-04 | $14.24 | −0.3% |
| 2025-12-03 | $14.28 | +6.1% |
| 2025-12-02 | $13.46 | +1.6% |
| 2025-12-01 | $13.25 | +0.2% |
| 2025-11-28 | $13.22 | +1.6% |
| 2025-11-26 | $13.01 | +0.1% |
| 2025-11-25 | $13.00 | +6.9% |
| 2025-11-24 | $12.16 | +6.0% |
| 2025-11-21 | $11.47 | +9.4% |
| 2025-11-20 | $10.48 | −4.4% |
| 2025-11-19 | $10.96 | +1.7% |
| 2025-11-18 | $10.78 | +1.9% |
| 2025-11-17 | $10.58 | −2.6% |
| 2025-11-14 | $10.86 | +2.2% |
| 2025-11-13 | $10.63 | −14.0% |
| 2025-11-12 | $12.36 | +1.5% |
| 2025-11-11 | $12.18 | +5.7% |
| 2025-11-10 | $11.52 | −7.8% |
| 2025-11-07 | $12.49 | −7.8% |
| 2025-11-06 | $13.55 | −23.1% |
| 2025-11-05 | $17.62 | +1.4% |
| 2025-11-04 | $17.38 | −1.4% |
| 2025-11-03 | $17.62 | −0.6% |
| 2025-10-31 | $17.73 | +2.6% |
| 2025-10-30 | $17.28 | −0.7% |
| 2025-10-29 | $17.41 | −0.2% |
| 2025-10-28 | $17.44 | −1.5% |
| 2025-10-27 | $17.70 | +1.1% |
| 2025-10-24 | $17.51 | +1.6% |
| 2025-10-23 | $17.23 | −1.7% |
| 2025-10-22 | $17.52 | −4.8% |
| 2025-10-21 | $18.41 | +1.4% |
| 2025-10-20 | $18.15 | +5.3% |
| 2025-10-17 | $17.24 | −3.4% |
| 2025-10-16 | $17.84 | −0.1% |
| 2025-10-15 | $17.86 | +5.4% |
| 2025-10-14 | $16.94 | +3.7% |
| 2025-10-13 | $16.34 | −1.5% |
| 2025-10-10 | $16.59 | −6.1% |
| 2025-10-09 | $17.66 | −2.7% |
| 2025-10-08 | $18.15 | +7.5% |
| 2025-10-07 | $16.88 | −3.6% |
| 2025-10-06 | $17.51 | +5.2% |
| 2025-10-03 | $16.64 | +4.2% |
| 2025-10-02 | $15.97 | +4.4% |
| 2025-10-01 | $15.30 | −0.5% |
| 2025-09-30 | $15.38 | +2.0% |
| 2025-09-29 | $15.08 | +0.9% |
| 2025-09-26 | $14.94 | +0.9% |
| 2025-09-25 | $14.81 | −3.3% |
| 2025-09-24 | $15.31 | −5.2% |
| 2025-09-23 | $16.15 | −2.1% |
| 2025-09-22 | $16.50 | +2.2% |
| 2025-09-19 | $16.14 | −7.5% |
| 2025-09-18 | $17.45 | +3.1% |
| 2025-09-17 | $16.92 | −3.2% |
| 2025-09-16 | $17.48 | +2.8% |
| 2025-09-15 | $17.01 | +2.8% |
| 2025-09-12 | $16.55 | −3.5% |
| 2025-09-11 | $17.15 | +2.6% |
| 2025-09-10 | $16.72 | −0.3% |
| 2025-09-09 | $16.77 | −1.5% |
| 2025-09-08 | $17.03 | +3.1% |
| 2025-09-05 | $16.51 | +0.9% |
| 2025-09-04 | $16.36 | +2.2% |
| 2025-09-03 | $16.00 | −0.7% |
| 2025-09-02 | $16.11 | −1.3% |
| 2025-08-29 | $16.33 | −0.1% |
| 2025-08-28 | $16.35 | +0.7% |
| 2025-08-27 | $16.23 | +0.2% |
| 2025-08-26 | $16.19 | −0.2% |
| 2025-08-25 | $16.22 | −4.4% |
| 2025-08-22 | $16.97 | +15.4% |
| 2025-08-21 | $14.70 | +1.7% |
| 2025-08-20 | $14.46 | −5.2% |
| 2025-08-19 | $15.25 | +2.5% |
| 2025-08-18 | $14.88 | −0.6% |
| 2025-08-15 | $14.97 | −0.7% |
| 2025-08-14 | $15.07 | −3.1% |
| 2025-08-13 | $15.55 | +2.8% |
| 2025-08-12 | $15.12 | +6.1% |
| 2025-08-11 | $14.25 | −2.2% |
| 2025-08-08 | $14.57 | −1.4% |
| 2025-08-07 | $14.78 | −4.3% |
| 2025-08-06 | $15.44 | −0.3% |
| 2025-08-05 | $15.48 | +1.3% |
| 2025-08-04 | $15.28 | +1.9% |
| 2025-08-01 | $15.00 | −2.9% |
| 2025-07-31 | $15.45 | +0.1% |
| 2025-07-30 | $15.44 | −6.2% |
| 2025-07-29 | $16.46 | −2.9% |
| 2025-07-28 | $16.96 | −2.6% |
| 2025-07-25 | $17.42 | +2.5% |
| 2025-07-24 | $17.00 | −0.2% |
| 2025-07-23 | $17.03 | +2.8% |
| 2025-07-22 | $16.57 | +2.7% |
| 2025-07-21 | $16.14 | −0.2% |
| 2025-07-18 | $16.17 | −2.6% |
| 2025-07-17 | $16.61 | +2.8% |
| 2025-07-16 | $16.16 | +0.1% |
| 2025-07-15 | $16.15 | −2.6% |
| 2025-07-14 | $16.58 | −3.8% |
| 2025-07-11 | $17.24 | −3.7% |
| 2025-07-10 | $17.90 | +3.9% |
| 2025-07-09 | $17.22 | +0.5% |
| 2025-07-08 | $17.13 | +5.9% |
| 2025-07-07 | $16.17 | −3.9% |
| 2025-07-03 | $16.82 | −0.1% |
| 2025-07-02 | $16.84 | +0.8% |
| 2025-07-01 | $16.71 | +6.3% |
| 2025-06-30 | $15.72 | −0.3% |
| 2025-06-27 | $15.77 | −0.6% |
| 2025-06-26 | $15.87 | +1.0% |
| 2025-06-25 | $15.72 | −2.1% |
| 2025-06-24 | $16.05 | +1.5% |
| 2025-06-23 | $15.81 | +4.2% |
| 2025-06-20 | $15.17 | −1.9% |
| 2025-06-18 | $15.46 | +2.3% |
| 2025-06-17 | $15.11 | −3.0% |
| 2025-06-16 | $15.57 | +1.4% |
| 2025-06-13 | $15.35 | −4.6% |
| 2025-06-12 | $16.09 | +0.2% |
| 2025-06-11 | $16.06 | −2.7% |
| 2025-06-10 | $16.50 | +1.8% |
| 2025-06-09 | $16.21 | +1.1% |
| 2025-06-06 | $16.03 | +0.9% |
| 2025-06-05 | $15.89 | −0.7% |
| 2025-06-04 | $16.01 | +0.8% |
| 2025-06-03 | $15.89 | +4.5% |
| 2025-06-02 | $15.20 | −2.1% |
| 2025-05-30 | $15.53 | −1.4% |
| 2025-05-29 | $15.75 | +1.6% |
| 2025-05-28 | $15.50 | −1.4% |
| 2025-05-27 | $15.72 | +4.2% |
| 2025-05-23 | $15.08 | −1.1% |
| 2025-05-22 | $15.25 | 0.0% |
| 2025-05-21 | $15.25 | −7.1% |
| 2025-05-20 | $16.41 | −2.6% |
| 2025-05-19 | $16.84 | −2.4% |
| 2025-05-16 | $17.26 | +1.1% |
| 2025-05-15 | $17.07 | −0.4% |
| 2025-05-14 | $17.14 | +3.1% |
| 2025-05-13 | $16.62 | +2.8% |
| 2025-05-12 | $16.16 | +11.7% |
| 2025-05-09 | $14.47 | +0.3% |
| 2025-05-08 | $14.43 | +11.1% |
| 2025-05-07 | $12.99 | −5.6% |
| 2025-05-06 | $13.76 | −4.2% |
| 2025-05-05 | $14.36 | −2.7% |
| 2025-05-02 | $14.76 | +4.9% |
| 2025-05-01 | $14.07 | −0.1% |
| 2025-04-30 | $14.09 | +2.8% |
| 2025-04-29 | $13.70 | +0.3% |
| 2025-04-28 | $13.66 | +1.3% |
| 2025-04-25 | $13.48 | −4.3% |
| 2025-04-24 | $14.09 | +5.1% |
| 2025-04-23 | $13.40 | +4.9% |
| 2025-04-22 | $12.78 | +1.6% |
| 2025-04-21 | $12.58 | −5.0% |
| 2025-04-17 | $13.24 | +2.6% |
| 2025-04-16 | $12.91 | −4.6% |
| 2025-04-15 | $13.53 | −3.3% |
| 2025-04-14 | $13.99 | +2.3% |
| 2025-04-11 | $13.68 | −2.8% |
| 2025-04-10 | $14.07 | −5.8% |
| 2025-04-09 | $14.94 | +15.5% |
| 2025-04-08 | $12.94 | −8.9% |
| 2025-04-07 | $14.21 | −1.9% |
| 2025-04-04 | $14.48 | −8.2% |
| 2025-04-03 | $15.77 | −19.3% |
| 2025-04-02 | $19.55 | +3.3% |
| 2025-04-01 | $18.92 | −0.9% |
| 2025-03-31 | $19.10 | +1.3% |
| 2025-03-28 | $18.86 | −2.5% |
| 2025-03-27 | $19.35 | +1.6% |
| 2025-03-26 | $19.05 | −0.3% |
| 2025-03-25 | $19.11 | +0.4% |
| 2025-03-24 | $19.03 | +2.4% |
| 2025-03-21 | $18.59 | −1.8% |
| 2025-03-20 | $18.94 | +0.7% |
| 2025-03-19 | $18.80 | +0.5% |
| 2025-03-18 | $18.70 | −0.8% |
| 2025-03-17 | $18.85 | +2.1% |
| 2025-03-14 | $18.46 | +1.2% |
| 2025-03-13 | $18.24 | +0.9% |
| 2025-03-12 | $18.07 | +2.4% |
| 2025-03-11 | $17.65 | −8.2% |
| 2025-03-10 | $19.22 | −3.0% |
| 2025-03-07 | $19.81 | −3.0% |
| 2025-03-06 | $20.43 | 0.0% |
| 2025-03-05 | $20.43 | +1.6% |
| 2025-03-04 | $20.11 | −0.8% |
| 2025-03-03 | $20.27 | −1.0% |
| 2025-02-28 | $20.47 | +2.8% |
| 2025-02-27 | $19.91 | +0.3% |
| 2025-02-26 | $19.85 | −0.4% |
| 2025-02-25 | $19.93 | +1.4% |
| 2025-02-24 | $19.65 | −2.4% |
| 2025-02-21 | $20.14 | −3.9% |
| 2025-02-20 | $20.95 | −3.2% |
| 2025-02-19 | $21.65 | −2.0% |
| 2025-02-18 | $22.09 | +2.4% |
| 2025-02-14 | $21.57 | +3.0% |
| 2025-02-13 | $20.94 | +5.4% |
| 2025-02-12 | $19.86 | −4.9% |
| 2025-02-11 | $20.88 | −2.8% |
| 2025-02-10 | $21.49 | +4.8% |
| 2025-02-07 | $20.51 | −4.5% |
| 2025-02-06 | $21.47 | −0.1% |
| 2025-02-05 | $21.49 | −14.9% |
| 2025-02-04 | $25.26 | +2.5% |
| 2025-02-03 | $24.64 | −3.9% |
| 2025-01-31 | $25.65 | −0.4% |
| 2025-01-30 | $25.75 | −0.6% |
| 2025-01-29 | $25.90 | −0.3% |
| 2025-01-28 | $25.99 | −3.1% |
| 2025-01-27 | $26.81 | +3.7% |
| 2025-01-24 | $25.86 | −1.3% |
| 2025-01-23 | $26.19 | +1.4% |
| 2025-01-22 | $25.83 | −0.2% |
| 2025-01-21 | $25.88 | +2.7% |
| 2025-01-17 | $25.21 | −1.4% |
| 2025-01-16 | $25.57 | +1.1% |
| 2025-01-15 | $25.28 | +1.2% |
| 2025-01-14 | $24.98 | +0.8% |
| 2025-01-13 | $24.79 | +2.1% |
| 2025-01-10 | $24.27 | −3.7% |
| 2025-01-08 | $25.20 | −0.4% |
| 2025-01-07 | $25.30 | −1.7% |
| 2025-01-06 | $25.73 | +2.2% |
| 2025-01-03 | $25.17 | +6.3% |
| 2025-01-02 | $23.67 | −0.7% |
| 2024-12-31 | $23.84 | −1.1% |
| 2024-12-30 | $24.10 | −1.1% |
| 2024-12-27 | $24.36 | +1.0% |
| 2024-12-26 | $24.13 | +0.7% |
| 2024-12-24 | $23.97 | +2.2% |
| 2024-12-23 | $23.46 | −6.2% |
| 2024-12-20 | $25.00 | +0.7% |
| 2024-12-19 | $24.83 | −1.2% |
| 2024-12-18 | $25.13 | −5.2% |
| 2024-12-17 | $26.50 | −2.5% |
| 2024-12-16 | $27.18 | −0.4% |
| 2024-12-13 | $27.29 | −3.5% |
| 2024-12-12 | $28.27 | −2.1% |
| 2024-12-11 | $28.87 | +1.8% |
| 2024-12-10 | $28.36 | −0.9% |
| 2024-12-09 | $28.62 | +0.2% |
| 2024-12-06 | $28.55 | +0.7% |
| 2024-12-05 | $28.36 | −3.2% |
| 2024-12-04 | $29.31 | +1.0% |
| 2024-12-03 | $29.03 | −3.3% |
| 2024-12-02 | $30.03 | −0.4% |
| 2024-11-29 | $30.15 | +0.9% |
| 2024-11-27 | $29.89 | −3.2% |
| 2024-11-26 | $30.88 | +1.5% |
| 2024-11-25 | $30.42 | +7.3% |
| 2024-11-22 | $28.36 | +1.6% |
| 2024-11-21 | $27.91 | +1.3% |
| 2024-11-20 | $27.54 | +0.4% |
| 2024-11-19 | $27.42 | +1.1% |
| 2024-11-18 | $27.12 | −0.5% |
| 2024-11-15 | $27.25 | −0.9% |
| 2024-11-14 | $27.49 | −1.3% |
| 2024-11-13 | $27.84 | +0.1% |
| 2024-11-12 | $27.80 | −5.5% |
| 2024-11-11 | $29.41 | −1.3% |
| 2024-11-08 | $29.79 | +3.8% |
| 2024-11-07 | $28.71 | −10.0% |
| 2024-11-06 | $31.90 | +13.1% |
| 2024-11-05 | $28.20 | +0.9% |
| 2024-11-04 | $27.95 | +0.1% |
| 2024-11-01 | $27.93 | −0.9% |
| 2024-10-31 | $28.19 | −3.0% |
| 2024-10-30 | $29.06 | +1.3% |
| 2024-10-29 | $28.70 | −0.3% |
| 2024-10-28 | $28.78 | +2.2% |
| 2024-10-25 | $28.16 | +0.4% |
| 2024-10-24 | $28.06 | −1.0% |
| 2024-10-23 | $28.33 | −2.0% |
| 2024-10-22 | $28.92 | −0.1% |
| 2024-10-21 | $28.95 | −0.9% |
| 2024-10-18 | $29.21 | −0.3% |
| 2024-10-17 | $29.29 | −1.0% |
| 2024-10-16 | $29.60 | +1.5% |
| 2024-10-15 | $29.17 | −1.7% |
| 2024-10-14 | $29.66 | −0.7% |
| 2024-10-11 | $29.88 | +6.5% |
| 2024-10-10 | $28.06 | +0.5% |
| 2024-10-09 | $27.93 | +1.1% |
| 2024-10-08 | $27.62 | +1.5% |
| 2024-10-07 | $27.20 | 0.0% |
| 2024-10-04 | $27.21 | +0.5% |
| 2024-10-03 | $27.07 | −0.6% |
| 2024-10-02 | $27.22 | +0.5% |
| 2024-10-01 | $27.09 | −3.2% |
| 2024-09-30 | $28.00 | +1.7% |
| 2024-09-27 | $27.53 | +1.0% |
| 2024-09-26 | $27.25 | −2.3% |
| 2024-09-25 | $27.88 | +2.9% |
| 2024-09-24 | $27.10 | +1.6% |
| 2024-09-23 | $26.67 | +2.8% |
| 2024-09-20 | $25.95 | −4.2% |
| 2024-09-19 | $27.10 | +4.0% |
| 2024-09-18 | $26.05 | +0.6% |
| 2024-09-17 | $25.89 | +0.2% |
| 2024-09-16 | $25.83 | +0.5% |
| 2024-09-13 | $25.70 | +0.6% |
| 2024-09-12 | $25.55 | −0.1% |
| 2024-09-11 | $25.57 | −1.7% |
| 2024-09-10 | $26.00 | −4.5% |
| 2024-09-09 | $27.23 | +1.9% |
| 2024-09-06 | $26.72 | −2.0% |
| 2024-09-05 | $27.26 | −3.3% |
| 2024-09-04 | $28.18 | −1.0% |
| 2024-09-03 | $28.46 | 0.0% |
| 2024-08-30 | $28.46 | +0.4% |
| 2024-08-29 | $28.36 | −0.7% |
| 2024-08-28 | $28.57 | −0.7% |
| 2024-08-27 | $28.76 | −2.7% |
| 2024-08-26 | $29.55 | 0.0% |
| 2024-08-23 | $29.56 | +3.8% |
| 2024-08-22 | $28.49 | −1.5% |
| 2024-08-21 | $28.91 | +1.7% |
| 2024-08-20 | $28.44 | −3.0% |
| 2024-08-19 | $29.32 | +1.0% |
| 2024-08-16 | $29.03 | +1.3% |
| 2024-08-15 | $28.66 | +4.2% |
| 2024-08-14 | $27.51 | +0.9% |
| 2024-08-13 | $27.27 | −3.1% |
| 2024-08-12 | $28.13 | −2.1% |
| 2024-08-09 | $28.72 | −0.5% |
| 2024-08-08 | $28.85 | −0.9% |
| 2024-08-07 | $29.11 | −2.5% |
| 2024-08-06 | $29.85 | +2.6% |
| 2024-08-05 | $29.10 | −1.6% |
| 2024-08-02 | $29.57 | −5.2% |
| 2024-08-01 | $31.20 | −1.6% |
| 2024-07-31 | $31.71 | −0.6% |
| 2024-07-30 | $31.90 | +2.3% |
| 2024-07-29 | $31.18 | +0.1% |
| 2024-07-26 | $31.16 | +2.3% |
| 2024-07-25 | $30.45 | +4.2% |
| 2024-07-24 | $29.23 | −1.5% |
| 2024-07-23 | $29.67 | −1.2% |
| 2024-07-22 | $30.04 | +0.5% |
| 2024-07-19 | $29.90 | +1.6% |
| 2024-07-18 | $29.44 | −1.6% |
| 2024-07-17 | $29.91 | +0.3% |
| 2024-07-16 | $29.83 | +1.5% |
| 2024-07-15 | $29.39 | +8.5% |
| 2024-07-12 | $27.10 | −0.3% |
| 2024-07-11 | $27.18 | +2.5% |
| 2024-07-10 | $26.53 | −0.8% |
| 2024-07-09 | $26.75 | −1.4% |
| 2024-07-08 | $27.14 | +1.4% |
| 2024-07-05 | $26.77 | −0.1% |
| 2024-07-03 | $26.79 | −0.9% |
| 2024-07-02 | $27.04 | +0.1% |
| 2024-07-01 | $27.01 | +3.3% |
| 2024-06-28 | $26.15 | +4.9% |
| 2024-06-27 | $24.94 | −1.1% |
| 2024-06-26 | $25.22 | +1.7% |
| 2024-06-25 | $24.81 | −0.2% |
| 2024-06-24 | $24.85 | +23.0% |
| 2024-06-21 | $20.21 | 0.0% |
| 2024-06-20 | $20.20 | +0.7% |
| 2024-06-18 | $20.06 | −0.2% |
| 2024-06-17 | $20.11 | +0.2% |
| 2024-06-14 | $20.06 | −3.9% |
| 2024-06-13 | $20.88 | −2.0% |
| 2024-06-12 | $21.31 | +3.0% |
| 2024-06-11 | $20.69 | +1.4% |
| 2024-06-10 | $20.41 | −0.3% |
| 2024-06-07 | $20.47 | 0.0% |
| 2024-06-06 | $20.48 | −1.4% |
| 2024-06-05 | $20.78 | +1.9% |
| 2024-06-04 | $20.39 | +0.3% |
| 2024-06-03 | $20.33 |
The deal was announced before the open on Oct. 5, after the last close in this chart.8-K Source: Tiingo end-of-day closes, as traded, via KeyVex.
What the $30.25 is made of
RXO holders can ask for all cash, $30.25 a share, or all stock, 0.1992 of a C.H. Robinson share. Those choices are prorated, so in total the deal pays out the same cash and stock as if every share took the standard $17.25 and 0.0856.8-K That works out to about 57% cash and 43% stock. RXO holders would own 11% of the combined company.Release Until the deal closes, the stock part moves with C.H. Robinson's price.
The 2024 placement
RXO agreed in June 2024 to buy Coyote Logistics from UPS for $1.025 billion in cash. It said the deal would be funded partly by a $300 million equity investment from MFN Partners and $250 million from Orbis Investments, "two of RXO's largest shareholders."Release In August, it sold about 21 million new shares to MFN Partners and to accounts managed by Orbis at $20.21 each, in a private sale. It also sold them pre-funded warrants for about 6.3 million more shares: $20.20 up front, then a penny a share to exercise.8-K
The $20.21 was RXO's closing price on June 21, 2024, the last trading day before it announced the Coyote deal, RXO said.Release The purchase agreements were signed on Aug. 12.8-K
Orbis says it has owned RXO since it became independent.Release MFN bought 10.3 million shares in the placement, adding to about 17.3 million it already held, its Form 4 shows. A Form 4 is the report insiders, including holders of more than 10% of a company, file when their holdings change.Form 4
RXO's record close, $31.90, came in 2024. It closed at or above $30.25 on nine days, all from July to November 2024. Then it slid, to a low of $10.48 on Nov. 20, 2025.Chart data On Feb. 12, 2026, MFN paid $12.00 a share for 532,276 more shares, taking it to 28.1 million, its Form 4 shows.Form 4 The filings made so far do not say when RXO and C.H. Robinson began talking.
View the data
| RXO, per share | Per share | Note |
|---|---|---|
| Record close (July 30 and Nov. 6, 2024) | $31.90 | Highest RXO close in KeyVex's data, which starts in October 2022 |
| The deal, as the companies value it (On a $151.88 C.H. Robinson average) | $30.25 | $17.25 cash + 0.0856 C.H. Robinson share; 16-day average price to Oct. 2 |
| The deal at C.H. Robinson's Oct. 5 price ($140.61, 4 p.m. ET) | $29.29 | KeyVex's math: $17.25 + 0.0856 x $140.61 |
| RXO on Oct. 5 (4 p.m. ET) | $28.65 | Tiingo IEX last price via KeyVex |
| Last close before the deal (Oct. 2, 2026) | $23.38 | The 29% premium is measured from here |
| Price of the 2024 placement shares (MFN Partners and Orbis, Aug. 2024) | $20.21 | Per share; pre-funded warrants cost $20.20 plus a $0.01 exercise price |
| MFN's February purchase (Feb. 12, 2026) | $12.00 | 532,276 shares, MFN's Form 4 |
| Lowest close (Nov. 20, 2025) | $10.48 | Lowest RXO close in KeyVex's data |
The deal's value at C.H. Robinson's Oct. 5 price is KeyVex's math from the merger terms. Sources: Tiingo prices via KeyVex; RXO's 8-Ks of Aug. 12, 2024, and Oct. 5, 2026; MFN's Form 4s.
What C.H. Robinson takes on
C.H. Robinson has a commitment for a bridge loan, a short-term loan, of up to $4.5 billion from Morgan Stanley, which is also its financial adviser on the deal. It plans to draw on the bridge only to the extent needed.8-K It intends to pause share buybacks until it reaches its target debt ratio after the deal closes. It expects $300 million a year of cost savings within two years, and to keep its investment-grade credit ratings.Release
On Oct. 5, Investing.com reported that S&P Global Ratings had revised its outlook on C.H. Robinson to negative from stable, while keeping its BBB+ rating. The deal will be funded partly with about $3.5 billion of new debt, Investing.com reported. S&P sees about $170 million of the $300 million in savings as lower-risk, the report said.Investing.com
Who can still change the outcome
MFN's agreement lists about 28.1 million shares, not counting shares underlying its warrants. Shares it acquires later, including by exercising them, are covered too. If RXO's board changes its recommendation, MFN may vote its shares on the deal as it chooses.Support agreement8-K
Before its holders vote, RXO may still respond to certain unsolicited offers. If it ends the deal for a better one, it owes C.H. Robinson $175 million. The 8-K describes no fee for C.H. Robinson to pay.8-KMerger agreement
Either company can walk away if the deal has not closed by July 4, 2027. That date can move back twice, by three months each time, if only regulatory approvals are missing.8-KMerger agreement
What to watch
When the companies expect the deal to close, after RXO's vote and antitrust review.
Either side can end the agreement if the deal has not closed.
The latest date after two three-month extensions for pending regulatory approvals.
The paper trail
The filings this story rests on, June 24, 2024, through Oct. 5, 2026, with the time EDGAR accepted each one (Eastern).
| Filed (ET) | Form | Filer | What it shows |
|---|---|---|---|
| June 24, 2024, 7:45 a.m. | Ex. 99.1 | RXO | RXO to buy Coyote Logistics from UPS for $1.025 billion in cash, with $300 million from MFN Partners and $250 million from Orbis. |
| Aug. 12, 2024 | 8-K | RXO | $550 million private placement with MFN Partners and Orbis accounts at $20.21 a share. |
| Aug. 14, 2024, 4:16 p.m. | 4 | MFN Partners | Bought 10,266,810 shares at $20.21 and warrants for 2,558,753 shares at $20.20. |
| Dec. 9, 2024, 4:09 p.m. | 4 | MFN Partners | Reports warrants for 2,018,574 more shares, bought Aug. 12, 2024, once RXO stockholders approved the underlying shares on Dec. 5. |
| Feb. 17, 2026, 4:21 p.m. | 4 | MFN Partners | Bought 532,276 shares at $12.00 on Feb. 12; owns 28,109,942. |
| Oct. 5, 2026, 8:17 a.m. | 8-K | RXO | The merger agreement, the $175 million fee, MFN's support agreement and the $4.5 billion bridge commitment. |
Sources
13 sources, 10 of them public records
Public records
- RXO Inc., Form 8-K (merger agreement with C.H. Robinson)SEC EDGAR · Oct. 5, 2026
- RXO Inc., Exhibit 2.1: Agreement and Plan of Merger among C.H. Robinson Worldwide, Rover Merger Sub, Viking Logistics and RXO, dated Oct. 4, 2026SEC EDGAR · Oct. 5, 2026
- RXO Inc., Exhibit 10.1: Voting and Support Agreement between C.H. Robinson and MFN Partners, LPSEC EDGAR · Oct. 5, 2026
- RXO Inc., Exhibit 99.1: joint press release, "C.H. Robinson to Acquire RXO"SEC EDGAR · Oct. 5, 2026
- RXO Inc., Form 8-K: private placement with MFN Partners and Orbis accountsSEC EDGAR · Aug. 12, 2024
- RXO Inc., Exhibit 99.1: "RXO Announces $550 Million Private Financing"SEC EDGAR · Aug. 12, 2024
- RXO Inc., Exhibit 99.1: Coyote Logistics acquisition release, dated June 23, 2024SEC EDGAR · June 24, 2024
- Form 4, MFN Partners, LP and related reporting personsSEC EDGAR · Aug. 14, 2024
- Form 4, MFN Partners, LP and related reporting persons (warrants)SEC EDGAR · Dec. 9, 2024
- Form 4, MFN Partners, LP and related reporting personsSEC EDGAR · Feb. 17, 2026
Reporting
- "S&P revises C.H. Robinson outlook to negative on $5.3B RXO acquisition" (its headline figure differs from the companies' $5.8 billion)Investing.com · Oct. 5, 2026
Data
- End-of-day prices for RXO, and for SPY and QQQ on the chart; Oct. 5 4 p.m. prices for RXO and CHRW (Tiingo)KeyVex · through Oct. 5, 2026
- The chart's Filings layer: KeyVex's Congress trade, insider trade, Form 144, 8-K and lobbying records for RXOKeyVex · through Oct. 2, 2026
How we got these numbers
- Prices are end-of-day closes as traded, not adjusted for dividends. Daily moves are close to close. Every RXO close in the chart's Story range is in its data table. The record, the low and the day counts come from KeyVex's RXO closes from Oct. 27, 2022, to Oct. 2, 2026. Oct. 5 prices are Tiingo's IEX last prices at 4 p.m. Eastern, via KeyVex; the chart ends at the Oct. 2 close. The S&P 500 and Nasdaq 100 lines follow SPY and QQQ, also as traded, rebased to RXO's close at the start of the range shown. The Filings switch shows the filing markers from KeyVex's RXO stock page, a selection of congressional trades, insider trades, Form 144 notices, 8-Ks and lobbying filings: not every filing, and not only those tied to this story.
- The deal's value at C.H. Robinson's Oct. 5 price is $17.25 plus 0.0856 times $140.61, or $29.29; the all-stock choice is 0.1992 times $140.61, or $28.01. The merger terms fix the share ratios, not a dollar value, so these change with C.H. Robinson's price.
- The 2024 placement: 20,954,780 shares at $20.21 and pre-funded warrants for 6,259,471 shares at $20.20, about $550.0 million before expenses, per RXO's Aug. 12, 2024, 8-K.