Roadrunner announces stock offering

Subscribe to BizTimes Daily – Local news about the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin.

Cudahy-based Roadrunner Transportation Systems Inc. has announced a public offering of 3.5 million shares of common stock, 1.5 million of which will come from the company.

Selling stockholders will contribute 2 million shares, and will grant the underwriters an option to purchase another 525,000 at the same price in the case of over-allotments.

Roadrunner plans to use the net proceeds of the offering to pay off debts related to its revolving line of credit, and for other corporate needs.

- Advertisement -

The transportation and logistics service provider reported second quarter net income of $13.9 million, up 36.9 percent from 2012, and is expecting third quarter results to outpace the same period last year.

What's New

BizPeople

Sponsored Content

Summer flash sale! Unlock all of BizTimes for just $7 / month

Limited time offer. New subscribers only.

Close the CTA

Holiday flash sale!

Limited time offer. New subscribers only.

Subscribe to BizTimes Milwaukee and save 40%

Holiday flash sale! Subscribe to BizTimes and save 40%!

Limited time offer. New subscribers only.