Ryder rejects takeover bid
Summary
With new distribution centers in the Nashville, Tennessee and Boise, Idaho areas, Ryder addresses growing need for last-mile delivery services for large appliances, furniture, exercise equipment, and more, as populations shift with the ability to work remotely. 14) Board of Directors late last week rejected an $86 per share takeover bid from HG Vora. “I spoke to Mr. Vora late (Thursday), and I informed that the Board had reviewed his letter and had determined that the price indicated in his letter was not indicative of the value of our company," Ryder CEO Robert Sanchez said kicking off the companys 2022 Investor Day Friday. An email to Janice Yu, HG Voras head of investor relations and business development, was not returned Monday. To enhance the Ryder Last Mile customer experience, the company continues to invest heavily in visibility technology such as RyderView, which enables consumers to schedule deliveries at their convenience and then easily track their orders in real-time.
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