Boyd Bros. Transportation, which touts itself as the only publicly traded "Pure Flatbed" company in the country, is going private. The Clayton, Alabama-based company with 975 tractors and 1270 trailers, has signed a merger agreement with BBT Acquisition Corp. -- a company controlled by Dempsey Boyd, the founder of the company, Gail B. Cooper, the president and CEO, Frances S. Boyd and Ginger B. Tibbs,
Boyd Bros. Transportation, which touts itself as the only publicly traded "Pure Flatbed" company in the country, is going private.
The Clayton, Alabama-based company with 975 tractors and 1270 trailers, has signed a merger agreement with BBT Acquisition Corp. -- a company controlled by Dempsey Boyd, the founder of the company, Gail B. Cooper, the president and CEO, Frances S. Boyd and Ginger B. Tibbs, who together own about 72% of the company’s common stock – to become a privately-held company.
Each shareholder will receive $7/share in a merger agreement unanimously voted upon by board members.
The merger is expected to be completed in March or April, company officials said.
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