By Devika Patel
Knoxville, Tenn., Dec. 22 - Saia Inc. arranged a $26.57 million private placement of stock on Dec. 22, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company will sell 2.31 million common shares at $11.50 apiece.
Settlement is expected Dec. 29.
Saia is a Johns Creek, Ga.-based less-than-truckload carrier.
| Issuer: | Saia Inc.
|
| Issue: | Common stock
|
| Amount: | $26,565,000
|
| Shares: | 2.31 million
|
| Price: | $11.50
|
| Warrants: | No
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 29
|
| Stock symbol: | Nasdaq: SAIA
|
| Stock price: | $14.37 at close Dec. 22
|
| Market capitalization: | $194.82 million
|
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