Tender Offer Begins for KLLM Transport Shares
High Road Acquisition Corp. said today it has commenced its cash tender offer through a subsidiary to acquire KLLM Transport Services.
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igh Road, which was formed by KLLM Chief Executive Officer Jack Liles and WorldCom Inc. CEO Bernard Ebbers, has a definitive agreement with the trucking company for the deal, and is offering $8.05 each for all outstanding common stock shares.
The offer will initially expire midnight, New York City time, on June 29, but may be extended under certain circumstances, High Road said.