Chattanooga, TN, December 29--U.S. Xpress Enterprises, parent of Xpress Global Systems, a provider of transportation, warehousing, and distribution services to the floorcovering industry, said its underwriters of its recent public offering have exercised their over-allotment option to purchase an additional 600,000 shares of the Company's Class A common stock, priced at $25.25 per share.
This option was granted in connection with the public offering of 4,000,000 shares of Class A common stock by the company and the selling stockholders. Of the shares sold pursuant to the over-allotment option, 550,000 shares were sold by Max L. Fuller, the company's co-chairman, chief executive officer, and secretary, and 50,000 shares were sold by Patrick E. Quinn, the company's co-Chairman, president and treasurer.
The offering was made through an underwriting syndicate led by Legg Mason Wood Walker, Incorporated and Morgan Keegan & Company, Inc. and solely by means of a prospectus.
