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Roadrunner Transportation Systems Announces 3.5M Share Offering

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Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading
asset-light transportation and logistics services provider, announced
today that it has commenced a public offering of 3,500,000 shares of
common stock, of which 1,500,000 shares are being offered by the Company
and 2,000,000 shares are being offered by selling stockholders. The
selling stockholders will grant the underwriters in the offering an
option to purchase up to 525,000 additional shares of common stock at
the same price per share to cover any over-allotments. The offering is
subject to market conditions, and there can be no assurance as to
whether or when the offering may be completed.

The Company expects to use the net proceeds from the offering to repay a

See full press release

Posted-In: News Guidance Management Global

 

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