Swift Transportation agrees to be acquired by Jerry Moyes

Co announces that it has entered into a definitive merger agreement with an entity formed by Jerry Moyes, the co's largest shareholder, a current Director, and former Chairman of the Board and Chief Executive Officer of Swift, pursuant to which Mr. Moyes and certain of his family members will acquire Swift in an all-cash transaction valued at approx $2.74 bln. This includes the assumption of approximately $332 mln of net debt. Under the terms of the agreement, Swift stockholders will receive $31.55 in cash for each outstanding share of Swift common stock.

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