Ryder System’s shares are now trading roughly $5 less than the offer price put forth last week by HG Vora Capital, pushing it even further away from what Wall Street company Baird sees as the potential value of the company.
In a report issued in the wake of the acquisition offer by the private equity company, Baird analyst Garrett A. Holland did not refer to Ryder’s valuation through a “sum of the parts” prism, which was raised in the wake of the HG Vora offer. The idea behind a sum of the parts...
https://www.freightwaves.com/news/baird-analyst-sees-86-takeover-offer-for-ryder-as-undervalued