This Slide: #18 of 23 |
Slide #18. 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, today announced that it has finalized its acquisition of Phoenix International, Inc. for $571.5 million in cash and approximately $63.5 million in newly-issued C.H. Robinson common stock.
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.
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Hold (1.62 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CHRW Stock Forecast Based on Zacks ABR data; powered by Xignite |