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Swift Prices Public Offering and Announces Stockholder Approval of Merger With M.S. Carriers.
Business Wire
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June 22, 2001
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COPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Business Editors
PHOENIX--(BUSINESS WIRE)--June 22, 2001
Swift Transportation Co. Inc. (Nasdaq: SWFT) Friday announced that it has priced a public offering of 1.2 million shares of its common stock at $16.00 per share before underwriting discounts.
Swift has granted the underwriters a 30-day option to purchase up to 120,000 shares of common stock to cover over-allotments.
The purpose of the offering is to satisfy one of the conditions for pooling-of-interests accounting treatment of Swift's pending acquisition of M.S. Carriers Inc. At ...
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