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RYDER SYSTEM INC. $72 is a hold. The company (New York symbol R; Manufacturing & Industry sector; Shares outstanding: 51.1 million; Market cap: $3.7 billion; Dividend yield: 3.2%; Takeover Target Rating: Medium; www.ryder.com) leases truck fleets, mainly under long-term deals. It also maintains vehicles and provides other related services. Customers typically supply their own drivers and dispatchers. In May 2022, Ryder received an unsolicited takeover offer, from HG Vora Capital Management LLC. HG Vora offered to buy the 90.1% of the company it didn’t already own for $86.00 a share. Ryder feels the offer undervalues its business and has rejected it. The shares currently trade below the takeover bid. That indicates investors feel a higher bid is unlikely. Ryder System is a hold. B2GOLD CORP. $4.32 is a hold. The company (Toronto symbol BTO; Resources sector; Shares outstanding: 1.1 billion; Market cap: $4.8 billion; Dividend yield: 4.9%; Takeover Target Rating: Medium; www.b2gold.com) owns three mines: the Otjikoto mine in Namibia; the Masbate mine in the Philippines; and the Feloka mine in Mali. B2Gold…

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