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    Swift stockholders approve Knight merger

    Sept. 8, 2017
    Swift Transportation Company announced that its stockholders approved a merger with Knight Transportation Inc. during a recent special meeting.

    Swift Transportation Company announced that its stockholders approved a merger with Knight Transportation Inc. during a recent special meeting.

    On April 9, 2017, Swift and Knight entered into a merger agreement 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. and will trade as “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.

    Swift expects the merger to close today, Sept. 8.

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