×

Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

HG Vora Capital Management offers to acquire Ryder System (R) for $86 per share

  • May 13, 2022

POTENTIAL DEAL DETAILS

StockRyder System, Inc.SymbolR
Date Announced05/13/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person HG Vora Capital Management LLC

According to the 13D filing, Ryder System Inc. (R) received a takeover bid from HG Vora Capital Management proposing to acquire all of the outstanding shares of Common Stock at a purchase price of $86 per share paid in cash at closing.

Update(s):

September 27, 2022: Apollo Global Management Inc. (APO) is exploring a takeover of Ryder System Inc.,  (R) a transportation and logistics company, according to people with knowledge of the matter.

 

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.