Freightgate Message Boards Freightgate Message Boards
Combination View Flat View Tree View
Threads [ Previous | Next ]
Knight Transportation Approves Proposed Merger With Swift Transportation
Knight Transportation Stockholders Approve Proposed Merger With Swift Transportation
PHOENIX - Transportation, Inc. today announced that its stockholders approved its merger with Swift Transportation Company at a special meeting of Knight stockholders held earlier today. Knight stockholders approved all proposals put forward at the special meeting.

As previously announced, on April 9, 2017, Knight and Swift entered into a merger agreement (the “Merger Agreement”), pursuant to which they agreed to a combination transaction after which their respective businesses will be operated separately under a single combined company. The combined company will be named Knight-Swift Transportation Holdings Inc. (“Knight-Swift”) and will trade under the ticker “KNX.” Under the terms of the Merger Agreement, each Swift share will convert into 0.72 shares of Knight-Swift by means of a reverse stock split and each share of Knight will be exchanged for one Knight-Swift share.

Knight expects the merger to close tomorrow, September 8, 2017.

Evercore Group L.L.C. served as financial advisor to Knight. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to Knight.

About Knight Transportation, Inc.
Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services using a nationwide network of business units and service centers in the U.S. to serve customers throughout North America. In addition to operating one of the country’s largest tractor fleets, Knight also contracts with third-party equipment providers to provide a broad range of truckload services to its customers while creating quality driving jobs for our driving associates and successful business opportunities for independent contractors.

Knight Transportation Approves Proposed Merger With Swift Transportation
Read more: http://www.digitaljournal.com/pr/3478071#ixzz4s1v5uTqY
Flag Flag

LOGISTICS COMMUNITY FORUM

Logistics Community Forum for the discussion of freight, logistics, and Supply Chain topics covering: Logistics, Supply Chain Management, Transport, Security Compliance, Software and Global Logistics News with members participating from all over the World. We encourage the exchange of information and ideas, and provide message boards for people involved with freight, logistics and supply management including shippers, importers, exporters, logistics providers, carriers, and supply chain managers to discussion your insights and opinions.

Logistics Community Forum is exclusively for professionals in involved with freight, logistics and supply management including shippers, importers, exporters, logistics providers, carriers, and supply chain management.
Create your personalized profile and start networking with global logistics professionals.

Logistics Announcements - Logistics Articles - Supply Chain Articles - Press Releases - News
Email your logistics announcements, logistics articles and logistics press releases to: Logistics Blog info@logisticsportal.net  or call us at:  1+ (657) 215-1833

SELECT SECTION:  Logistics Announcements  Logistics Articles  Supply Chain Articles  Press Releases  Freight & Logistics News

 
 JOIN THE LOGISTICS PORTAL FORUM - It's absolutely FREE!

Create Your Profile with World's Largest Logistics Network - CLICK HERE

Get the latest Freight, Logistics, and Supply Chain Industry News:
Visit the News section!