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Slide #70. C.H. Robinson Worldwide, Inc — Phoenix International, Inc.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW)
Phoenix International, Inc.
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.
Robinson (C.H.) Worldwide is a third party logistics company. Co. provides freight transportation services and logistics solutions to companies. Co.'s segments are: North American Surface Transportation, which provides freight transportation services across North America through a network of offices; and Global Forwarding, which provides global logistics services through an international network of offices and also contracts with independent agents; and All Other and Corporate, which includes Robinson Fresh® that provides sourcing services including the buying, selling, and marketing of fresh fruits, vegetables, and other perishable items, and managed services that provides Managed TMS®.
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Hold (2.16 out of 4)