MINNEAPOLIS--(BUSINESS WIRE)--Nov. 1, 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 www.chrobinson.com.
Source: C.H. Robinson Worldwide, Inc.
C.H. Robinson Worldwide, Inc.
Freeman, vice president