C.H. Robinson Worldwide (CHRW) acquires Phoenix International for $571.5M in cash and $63.5M in...

|About: C.H. Robinson Worldwide Inc. (CHRW)|By:, SA News Editor

C.H. Robinson Worldwide (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.