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Ryder Authorizes New Discretionary and Anti-Dilutive Programs to Repurchase Shares
Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announced that its Board of Directors has authorized two new share repurchase programs. Under the new discretionary repurchase program, Ryder management is authorized to repurchase up to 2.0 million shares of common stock, at its discretion, from October 14, 2021 through October 14, 2023 (two years). This program is designed to provide management with capital structure flexibility while concurrently managing objectives related to balance sheet leverage, acquisition opportunities, and shareholder returns. Under the new anti-dilutive repurchase program, Ryder management is authorized to repurchase up to 2.5 million shares of common stock from October 14, 2021 through October...