JOHNS CREEK, GA--(Marketwired - May 16, 2013) - Saia, Inc. (
Shareholders will be issued a certificate representing one additional share of common stock for every two shares of common stock held on the record date by the Company's transfer agent, Computershare Trust Company, NA. In lieu of fractional shares, shareholders will receive a cash payment based on the closing price of the common stock on the record date. Upon completion of the split, the Company will have approximately 24,948,000 shares outstanding.
Richard D. O'Dell, Saia President and Chief Executive Officer, commented, "We are pleased to announce a three-for-two stock split which we believe will improve market liquidity and trading volume of our common stock while broadening our investor base."
Saia, Inc. (