Knight Transportation and Swift Transportation $6 Million Merger


Fried Frank acted as counsel to Knight Transportation, Inc. in a definitive agreement under which Knight Transportation, Inc. (NYSE: KNX) will merge with Swift Transportation Company (NYSE: SWFT) in an all – stock transaction that will create the industry’s largest full truckload company.

The combined company will be named Knight-Swift Transportation Holdings Inc., and will have a single class of stock that will trade with the ticker “KNX”. Under the terms of the agreement, each Swift share will convert into 0.72 shares of Knight-Swift by means of a reverse stock split. Each share of Knight will be exchanged for one Knight-Swift share. Upon closing of the transaction, Swift stockholders will own approximately 54 percent and Knight stockholders will own approximately 46 percent of the combined company. Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services using a nationwide network of business units and service centers in the U.S. to serve customers throughout North America. Swift Transportation originated and is based in Phoenix, Arizona, and operates a tractor fleet of approximately 18,000 units driven by company and owner-operator drivers.

The Fried Frank team included corporate partners Philip Richter (Picture), Warren S. de Wied, and Robert M. McLaughlin; executive compensation & ERISA partner Adam Kaminsky; tax partner Michael J. Alter; antitrust and competition partner Bernard (Barry) A. Nigro Jr. and Tobias Caspary; litigation partners Israel David, Scott B, Luftglass and Joshua D. Roth; corporate special counsel Howard A. Fine and Amber Meek; litigation special counsel Jennifer M. Wollenberg; environmental special counsel Donna Mussio; intellectual property and technology special counsel Amir R. Ghavi; corporate associates Alana C. Berrocal, Dallas Cruz, P. Ryan Messier, Christina Robinson, Jake Saifman and Maxwell Yim; executive compensation & ERISA associate Jaclyn I. Waters; tax associate W. Reid Thompson; antitrust associates Matthew E. Joseph and Max Kuttner; litigation associate Andrew B. Cashmore; environmental associate Samuel K. Dykstra; and corporate law clerks J. Tyler Finn and Jason D. Meyers.

Kirkland & Ellis LLP advised Swift Transportation Company with a team including Richard Aftanas, Daniel Wolf, Michael Brueck and Claire James.

Involved fees earner: Philip Richter – Fried Frank Harris Shriver & Jacobson; Warren de Wied – Fried Frank Harris Shriver & Jacobson; Robert McLaughlin – Fried Frank Harris Shriver & Jacobson; Howard A. Fine – Fried Frank Harris Shriver & Jacobson; Amber Meek – Fried Frank Harris Shriver & Jacobson; Alana Berrocal – Fried Frank Harris Shriver & Jacobson; Dallas Cruz – Fried Frank Harris Shriver & Jacobson; P. Ryan Messier – Fried Frank Harris Shriver & Jacobson; Christina Robinson – Fried Frank Harris Shriver & Jacobson; Jake Saifman – Fried Frank Harris Shriver & Jacobson; Maxwell Yim – Fried Frank Harris Shriver & Jacobson; Adam Kaminsky – Fried Frank Harris Shriver & Jacobson; Jaclyn Waters – Fried Frank Harris Shriver & Jacobson; Michael Alter – Fried Frank Harris Shriver & Jacobson; Reid Thompson – Fried Frank Harris Shriver & Jacobson; Bernard Nigro – Fried Frank Harris Shriver & Jacobson; Tobias Caspary – Fried Frank Harris Shriver & Jacobson; Matthew Joseph – Fried Frank Harris Shriver & Jacobson; Max Kuttner – Fried Frank Harris Shriver & Jacobson; Israel David – Fried Frank Harris Shriver & Jacobson; Scott Luftglass – Fried Frank Harris Shriver & Jacobson; Joshua D. Roth – Fried Frank Harris Shriver & Jacobson; Jennifer Wollenberg – Fried Frank Harris Shriver & Jacobson; Andrew B. Cashmore – Fried Frank Harris Shriver & Jacobson; Donna Mussio – Fried Frank Harris Shriver & Jacobson; Samuel Dykstra – Fried Frank Harris Shriver & Jacobson; Amir Ghavi – Fried Frank Harris Shriver & Jacobson; Daniel Wolf – Kirkland & Ellis; Michael Brueck – Kirkland & Ellis; Richard Aftanas – Kirkland & Ellis; Claire James – Kirkland & Ellis;

Law Firms: Fried Frank Harris Shriver & Jacobson; Kirkland & Ellis;

Clients: Knight Transportation, Inc. ; Swift Transportation Company;

Author: Ambrogio Visconti