Global logistics provider C.H. Robinson announced Friday it has finalized the acquisition of Chicago-based freight forwarder Phoenix International for $571.5 million in cash and about $63.5 million in newly-issued C.H. Robinson common stock.
Eden Prarie, Minn.-based C.H. Robinson revealed in late September that it had made an offer to buy Phoenix, which is especially strong in the transpacific ocean freight market. – Eric Kulisch
C.H. Robinson takes ownership of Phoenix International
