Shares of Pamt Corp. (PAMT), a truckload transportation and logistics company, were rising more than 25 percent in pre-market on Friday.
The company announced a modified Dutch auction tender offer to repurchase up to 435,000 shares at a price of not less than $14.00 and not more than $17.00 per share.
The offer is expected to expire on May 1.
Pamt Corp. stock had closed at $11.11, down 8.86 percent on Thursday. It has traded in the range of $11.01 - $23.70 in the last 1 year.
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