Tender Offer Begins for KLLM Transport Shares

High Road Acquisition Corp. said today it has commenced its cash tender offer through a subsidiary to acquire KLLM Transport Services.

igh Road, which was formed by KLLM Chief Executive Officer Jack Liles and WorldCom Inc. CEO Bernard Ebbers, has a definitive agreement with the trucking company for the deal, and is offering $8.05 each for all outstanding common stock shares.

The offer will initially expire midnight, New York City time, on June 29, but may be extended under certain circumstances, High Road said.