Transport Topics (May 16, 2022)
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\u2019t 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.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices