Thursday, January 18, 2018

Con-way to sell 4.3 million shares of stock


Thursday, May 13, 2010
Net proceeds from the Con-way Inc. stock sale will be used for general corporate purposes including working capital requirements and capital spending.
Net proceeds from the Con-way Inc. stock sale will be used for general corporate purposes including working capital requirements and capital spending.

SAN MATEO, Calif. — Trucking company Con-way Inc. on Wednesday said it will sell 4.3 million shares of common stock.

The company plans to grant the underwriters a 30-day option to purchase up to 645,000 additional shares to cover any over-allotments.

Net proceeds will be used for general corporate purposes including working capital requirements and capital spending.

Morgan Stanley & Co. Inc. and Goldman, Sachs & Co. are the joint underwriters for the offering.

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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