LTL carrier Central Freight Lines Inc. said it has withdrawn its proposed initial public offering (IPO) of up to $74.75 million of stock, according to a regulatory filing.
Waco, TX-based Central Freight, which originally filed with the Securities and Exchange Commission for the IPO in May 1999, said it intends to file a new registration statement shortly.
The company had said it would use net proceeds to retire all long-term debt except its real-estate financing, buy new trucks and for general corporate purposes.
