Mar 1, 2024 · The Securities and Exchange Commission today announced settled charges against New York-based investment adviser HG Vora Capital Management LLC for its failure to make timely ownership disclosures in the lead-up to its May 2022 acquisition bid for trucking fleet company Ryder System Inc. HG Vora agreed to pay a $950,000 civil penalty to settle ...

Jun 6, 2022 · Ryder System has rejected the takeover bid by an activist shareholder group, according to a transcript of an investors meeting. “One thing I wanted to do before I get started is I do want to address and give you an update on the letter that we received on May 13 from HG Vora,” Ryder CEO Robert Sanchez said Friday. “I spoke to Mr. Vora ...

Jun 7, 2022 · Ryder rejected a takeover bid by shareholder HG Vora Capital Management, Robert Sanchez, chairman and CEO, said during an Investor Day presentation on Friday. The private equity firm’s $4.4 billion offer last month — at a 20.3% premium — “was not indicative of the value of our company,” Sanchez said.

May 13, 2022 · Ryder System, Inc. (NYSE: R), a leader in supply chain , dedicated transportation, and fleet management solutions, today confirmed that it has received an unsolicited indication of interest from HG Vora Capital Management, LLC to acquire all of the outstanding shares of Ryder not currently owned by HG Vora for $86.00 per share in cash.

Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the...

May 13, 2022 · (Reuters) -Hedge fund HG Vora Capital Management LLC said on Friday it offered to acquire Ryder System Inc for $4.4 billion, sending the truck fleet operator's shares up 17%.

Mar 1, 2024 · According to the SEC’s order, on Feb. 14, 2022, HG Vora disclosed that it owned 5.6 percent of Ryder’s common stock as of Dec. 31, 2021, and certified that it did not have a control purpose.

According to the SEC’s order, HG Vora fell short of these requirements in the lead-up to its ambitious acquisition bid for Ryder System Inc., a major player in the trucking fleet industry.

May 13 (Reuters) - Hedge fund HG Vora Capital Management LLC said on Friday it offered to acquire Ryder System Inc for $4.4 billion, sending the truck fleet operator's shares up 17% in early...

Mar 26, 2024 · HG Vora filed a Schedule 13G on February 14, 2022, relying on Rule 13d-1 (b) under the Exchange Act, reporting beneficial ownership of 5.6% of Ryder’s equity securities as of December 31,...