Transport Topics (May 16, 2022)

An episode of the Transport Topics podcast, hosted by Transport Topics, titled "Transport Topics (May 16, 2022)" was published on May 16, 2022 and runs 3 minutes.

May 16, 2022 ·3m · Transport Topics

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Summary

Ryder System Inc. has received an offer from HG Vora Capital Management to buy the trucking company for about $4.4 billion. HG Vora, a hedge fund that has a 9.9% stake in Ryder, offered $86 in cash for each Ryder share it doesn’t already own. Ryder said it would review the offer with its financial and legal advisers to determine the best course of action for its shareholders. Ryder Supply Chain Solutions ranks No. 11 on the Transport Topics Top 100 list of the largest for-hire companies in North America. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episode Description

Ryder System Inc. has received an offer from HG Vora Capital Management to buy the trucking company for about $4.4 billion. HG Vora, a hedge fund that has a 9.9% stake in Ryder, offered $86 in cash for each Ryder share it doesn’t already own. Ryder said it would review the offer with its financial and legal advisers to determine the best course of action for its shareholders. Ryder Supply Chain Solutions ranks No. 11 on the Transport Topics Top 100 list of the largest for-hire companies in North America. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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