Boyd Bros. Transportation's Stockholders Approve Merger With BBT Acquisition Corporation.CLAYTON, Ala. -- Boyd Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Transportation Inc. (NASDAQ/SmallCap: BOYD) (the "Company") today announced that its stockholders, voting at a special meeting held this morning, have approved the merger of BBT BBT basal body temperature. BBT, n See technique, Buteyko breathing. Acquisition Corporation ("BBT") into the Company, which will result in the Company going private. BBT is a company owned by Dempsey Boyd, the founder of the Company, Gail B. Cooper, the President and Chief Executive Officer of the Company, and certain of their family members. Under the terms of the merger, each stockholder of the Company (other than BBT and the Boyd family The Boyd family is perhaps Australia’s most famous and prolific artistic dynasty, as painters, artists, illustrators, sculptors, potters, ceramists, writers, architects, digital technicians, graphic designers, and musicians, over several generations. stockholders of BBT) will receive $9.18 in cash for each share of Company common stock owned. BBT has appointed SunTrust Bank as paying agent Paying Agent An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a "disbursing agent. for the merger consideration. The paying agent will contact stockholders shortly with instructions on how to receive payment for their shares. The Company and BBT expect to file a Certificate of Merger with the Delaware Secretary of State no later than September 13, 2004, to consummate the transaction. As a result of the merger, the Company's shares will no longer trade on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on or be registered under the Securities Exchange Act of 1934. However, the Company will continue to do business under the name "Boyd Bros. Transportation Inc." Boyd Bros. Transportation Inc. is one of the largest flatbed trucking companies in the United States. The Company provides transportation services to high-volume, time-sensitive customers, primarily in the steel and building materials industries, and operates throughout most of the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. . For more information about the Company, visit Boyd Bros. on the Internet at www.boydbros.com. |
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