SWIFT, M.S. CARRIERS CLOSE MERGER

SWIFT, M.S. CARRIERS CLOSE MERGER Swift Transportation Co. and M.S. Carriers Inc. have completed their merger. M.S. Carriers stockholders will receive 1.7 shares of Swift common stock for each share of M.S. Carriers common stock, with cash paid in lieu of the issuance of fractional shares.
   Swift has closed its offering of 1.2 million shares of common stock at $16. The underwriters exercised in full their over-allotment option to purchase an additional 120,000 shares.
   Jerry Moyes, Swift chairman, president and chief executive officer, said Swift could generate more than $2 billion in revenue in 2001.