New owner for Swift

#1

01-21-2007 04:12 PM by Splitter

Looks like Jerry Moyes is buying back Swift Transportation in a cash deal.
Moyes will assume $332,000,000.00 in Swift debt, and pay $31.55 per share to stock holders.

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#2

01-21-2007 07:47 PM by Useless

Something tells me that this is not a good omen for Swift drivers!!

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#3

01-21-2007 07:50 PM by Uturn2001

I think the topic should read...

Recycled (or Recapped) Owner for Swift. :P :P

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#4

01-21-2007 07:55 PM by shyykatt

ro-ro shaggy......

I dunno who dat is- someone explain 2 me please; should I be 'that' worried?? :shock:

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#5

01-21-2007 07:57 PM by Useless

Quote:
Originally Posted by Uturn2001
I think the topic should read...

Recycled (or Recapped) Owner for Swift. :P :P
I'd say you are 100% Correct!!

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#6

01-21-2007 09:32 PM by classicxl

i am sure some how some way he has always been in charge

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#7

01-26-2007 07:54 PM by ironeagle02

The only reason that Mr. Jerry has taken the action he has at swift is he feels that the company is going to the dogs and (as it is) he feels that he might as well be the one to lead it their. :asta:

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#8

01-28-2007 08:14 PM by Jumbo

Old owner of Swift, look in mirror at new owner of Swift.

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#9

01-29-2007 04:13 AM by dieselgrl

Quote:
Originally Posted by Useless
Something tells me that this is not a good omen for Swift drivers!!
That's the truth there. I'll admit, I've been contemplating going back to Swift for a little while now just for a regional account to keep me close to home while keeping my experience level current for my license. After hearing that the Board doubled back on the November decision to turn Jerry down though - well, I won't go near them. I preferred the changes that happened under Cunningham for the most part. Jerry's nearly about ready to retire or drop dead anyway, I wonder why he's messing with this now...

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