NEW YORK--(BUSINESS WIRE)--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. 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 Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation of Swift, please go to www.bespc.com/Swift. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.