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Knight Transportation and Swift Transportation to Merge

Swift and Knight Trucking Swift and Knight Trucking

Knight Transportation (KNX) and Swift Transportation (SWFT)  have announced they intend to merge to form the largest Trucking Transportation  Company.

The new company will be called Knight-Swift Transportation with its proposed stock symbol to be (KNX).

Knight Transportation shareholders will own 46% and Swift Transportation shareholders will own 54% of the stock.

The deal will occur via a reverse stock split.

 

 

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