Transportation M&A » By The Online Investor Staff, updated Wed., May. 8, 8:30 AM
Recent mergers and acquisitions in the Transportation M&A category.
Slide #78. C.H. Robinson Worldwide, Inc. — Phoenix International, Inc.
Acquirer: |
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) |
Acquiree: |
Phoenix International, Inc. |
Details: |
C.H. Robinson Worldwide, Inc. announced that it has reached a stock purchase agreement to acquire Phoenix International, Inc. ("Phoenix") for $571.5 million in cash and approximately $63.5 million in newly-issued C.H. Robinson stock. The agreement is subject to certain customary closing conditions, including regulatory approval. Closing of the acquisition is expected to occur in the fourth quarter of 2012. C.H. Robinson will use existing cash and plans to enter into a revolving credit facility with major banks to finance the cash portion of the purchase price. The acquisition is expected to be modestly accretive in the first year. |
C.H. Robinson Worldwide is a logistics company. Co. provides freight transportation services and logistics solutions to companies. Co.'s segments are: North American Surface Transportation, which provides transportation and logistics services across North America; Global Forwarding, which provides transportation and logistics services through an international network of offices and contracts with independent agents worldwide; and All Other and Corporate, which includes Robinson Fresh® that provides sourcing services such as buying, selling, and/or marketing of fresh fruits, vegetables, and other perishable items, Managed Services that provides Managed TMS®, and Other Surface Transportation.
C.H. Robinson Worldwide SEC Filing Email Alerts Service
Open the CHRW Page at The Online Investor »
Company Name: |
Robinson (C.H.) Worldwide, Inc. |
Stock buyback: |
CHRW buyback |
Website: |
www.chrobinson.com |
Sector: |
Air Services Other |
Number of ETFs Holding CHRW: |
109 |
Total Market Value Held by ETFs: |
$2.18B |
Total Market Capitalization: |
$9.47B |
% of Market Cap. Held by ETFs: |
22.98% |
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May 8, 2024 8:30 AM Eastern
Hold (1.68 out of 4)
0th percentile
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