Universal Truckload Prices Stock Offering

(RTTNews) - Universal Truckload Services, Inc. (UACL) said Friday that it has priced its public offering of 1 million shares of common stock at a public offering price of $23.00 per share.

In the offering, 975,000 shares were offered by a selling stockholder and 25,000 shares were offered by the company.

In connection with the offering, the selling stockholder has granted the underwriters an option to purchase up to 150,000 additional shares.

The company will use the net proceeds that it receives from the offering to pay expenses associated with the offering.

The offering is expected to close on August 21.