Smithway Motor announces stockholder approval of merger agreement (SMXC) 10.60 +0.01 : At a Special Meeting of Stockholders held on Friday, June 8, 2007, the stockholders of Smithway Motor Xpress (SMXC) approved the agreement and plan of merger by which Western Express would acquire SMXC. Western is a rapidly growing truckload carrier with a history of strategic acquisitions. The merger agreement provides that the stockholders of SMXC will receive $10.63 in cash for each share of Smithway. The merger is expected to be completed in July of 2007, subject to the satisfaction of certain customary conditions.
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