Ryder System is the target of a takeover attempt by a private equity company.
HG Vora Capital Management, with its headquarters in New York City, filed a 13-D form with the Securities and Exchange Commission Friday morning that said it was proposing to acquire all the shares of Ryder (NYSE: R) at a price of $86 per share. According to the filing, that represents a 24.8% premium to the 30-day trailing average of the stock and a 20.3% premium to the closing price of Ryder on Thursday.
Ryder’s...