secwatch.observer — SEC 8-K summary
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Issuer:     RYDER SYSTEM INC (R)
CIK:        0000085961
Form:       8-K
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0000085961-21-000239
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryder to acquire Whiplash for $480M in cash to expand e-commerce fulfillment
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- $480M cash purchase price, subject to customary adjustments for cash, debt, and working capital.
- Expected close late December 2021 or early January 2022, pending HSR antitrust clearance.
- Whiplash operates 19 warehouses totaling ~7M sq ft, serving 250+ brands.
- Deal expected to add ~$480M gross revenue to Ryder's supply chain segment in 2022 and be accretive to earnings.
- Ryder plans to retain Whiplash's executive team and workforce.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/85961/000008596121000239/0000085961-21-000239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/85961/000008596121000239/r-20211213.htm
  HTML page:      https://secwatch.observer/filing/0000085961-21-000239

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer