Swift Transportation Stockholders Approve Knight Transportation Merger

Swift Transportation’s stockholders approved its merger with Knight Transportation at a special meeting on September 7. 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 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 Holding 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.

Morgan Stanley served as financial advisor to Swift. Kirkland & Ellis served as legal advisor to Swift.

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