PAM Transportation Services: Best day in nearly 10 months on tender offer

PAMT

13/05/2019 18:18

** Shares of truckload transportation and logistics company
 PTSI.O  up 17.7% at $54.66; set for best day in almost 10
months
    ** PTSI starts modified Dutch auction tender offer to buy up
to 200,000 of its shares at $55.00-$60.00/shr  urn:newsml:reuters.com:*:nGNX6TMB4K
    ** Says tender offer represents about 3.4% of its
outstanding stock 
    ** PTSI among top percentage gainers on Nasdaq index
 .IXIC , which is down 3.5%
    ** Up to Friday's close, stock had risen ~18% YTD    

 (Reporting by Nishara Karuvalli Pathikkal)
 ((Reuters Messaging:
Nishara.karuvallipathikkal.thomsonreuters.com@reuters.net))