Swift Transportation Stockholders Approve Proposed Merger With Knight Transportation
SWIFT TRANS (SWFT)
US:NYSE Investor Relations:
investor.knighttrans.com
Company Research
Source: Business Wire
PHOENIX--(BUSINESS WIRE)-- Swift Transportation Company (NYSE: SWFT) (“Swift”) today announced that its stockholders approved its merger with Knight Transportation, Inc. (NYSE: KNX) (“Knight”) at a special meeting of Swift stockholders held earlier today. Swift stockholders approved all proposals put forward at the special meeting. As previously announced, on April 9, 2017, Swift and Knight 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 e
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