C.H. Robinson Worldwide Acquires Phoenix International
MINNEAPOLIS -- November 01, 2012
C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW), 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.
Founded in 1905, C.H. Robinson is a global provider of multimodal
transportation services and logistics solutions, serving over 37,000 customers
through a network of 234 offices in North America, Europe, Asia, South
America, and Australia. C.H. Robinson is one of the largest third-party
logistics companies in the world, with annual total revenues of over $10
billion. For more information about our company, visit our Web site at
C.H. Robinson Worldwide, Inc.
Angie Freeman, vice president
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