$4.4 billion acquisition rejected by Ryder Transportation

Leases & LoansMoney Matters
Written By Jennifer Joslyn

💰 Ryder Transportation, a major player in the trucking industry, has rejected a $4.4 billion takeover bid.

The bid came from a shareholder, HG Vora Capital Management. This bid was at a 20.3% premium, and the shareholder currently owns 9.9% of Ryder already. Ryder’s executives announced the rejection during an Investor Day presentation last week, citing their confidence that shareholder value was only going to continue to grow.

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Jennifer Joslyn
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