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C.H. Robinson Worldwide (NASDAQ:CHRW) acquires Phoenix International for $571.5M in cash and...

Sep. 25, 2012 7:13 AM ETC.H. Robinson Worldwide, Inc. (CHRW) StockCHRWBy: Clark Schultz, SA News Editor

C.H. Robinson Worldwide (NASDAQ:CHRW) acquires Phoenix International for $571.5M in cash and $63.5M in new stock. The deal for the freight forwarder is slated to close in Q4 and is anticipated to be "modestly" accretive in year one.

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