Cases
Swift Transportation Company (NYSE: SWFT)
Merger
Overview
Overview
- Date:
- 4/21/2017
- Company Name:
- Swift Transportation Company
- Stock Symbol:
- SWFT
- Company Name - Buyer:
- Knight Transportation, Inc.
- Stock Symbol - Buyer:
- KNX
- Status:
- Closed/Complete
NEW YORK, April 21, 2017 – Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Swift Transportation Company (NYSE: SWFT) stockholders concerning the proposed acquisition of the company by Knight Transportation, Inc. (NYSE: KNX).
The investigation concerns whether Swift’s board of directors failed to adequately shop the Company and obtain the best possible value for Swift stockholders before entering into a definitive merger agreement with Knight Transportation. Under the terms of the agreement, Swift stockholders will receive 0.72 shares of Knight Transportation for each share of Swift they own, with an implied value of $22.07 per share of Swift. Further, the $22.07 per-share merger consideration is a significant discount to Swift’s 52-week high share price of $27.18.
If you own Swift shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The investigation concerns whether Swift’s board of directors failed to adequately shop the Company and obtain the best possible value for Swift stockholders before entering into a definitive merger agreement with Knight Transportation. Under the terms of the agreement, Swift stockholders will receive 0.72 shares of Knight Transportation for each share of Swift they own, with an implied value of $22.07 per share of Swift. Further, the $22.07 per-share merger consideration is a significant discount to Swift’s 52-week high share price of $27.18.
If you own Swift shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.