摘要: |
♦ Ryder receives interest from activist investor HG Vora. Miami-based freight transportation and logistics services provider Ryder System Inc. confirmed it received an offer by an activist investor to acquire the company. Ryder said it received an unsolicited indication of interest from New York-based HG Vora for $86.00 per share in cash. "Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Ryder board of directors will carefully review and evaluate the indication of interest to determine the course of action that it believes is in the best interest of the company and its shareholders," said Ryder. Ryder officials declined to provide additional comment to LM outside of the statement. The Wall Street Journal reported that the total value of the proposed deal would be $4.4 billion, taking Ryder private. It added that HG Vora owns a 9.9% stake in Ryder, with the investment firm saying in a regulatory filing that it is "proposing to buy the rest of Ryder's outstanding shares." |