Marten Transport completes public offering

Aug. 20, 2003
Marten Transport Ltd, a Mondovi WI-based temperature-sensitive truckload carrier, has completed its public offering of 3,000,000 shares of its common
Marten Transport Ltd, a Mondovi WI-based temperature-sensitive truckload carrier, has completed its public offering of 3,000,000 shares of its common stock at $20.50 per share. Of these shares, 2,475,000 shares were sold by the firm and 525,000 shares were sold by the selling stockholders, including 375,000 shares by Randolph Marten, chairman and president, and 150,000 by Christine Marten, a director of the company.

The offering generated net proceeds of about $47.8 million for the company, after deducting underwriting discounts and other estimated expenses.

About the Author

from staff and wire reports

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Unlock proven strategies to streamline operations, lead your team, and keep your eet moving forward – all in one guide.