Exhibit (a)(1)(N)
For further Information contact:
Lawrence Dennedy
MacKenzie Partners, Inc.
800-322-2885
ROBERT E. LOW ANNOUNCES TERMINATION OF KLLM TENDER OFFER
FOR RELEASE MONDAY, JUNE 12, 2000
Springfield, MO--Robert E. Low today announced that in light of the
definitive agreement entered into by KLLM Transport Services, Inc. (Nasdaq:
KLLM) and a group headed by Jack Liles, KLLM's chief executive officer, Mr. Low
did not extend the tender offer of Low Acquisition, Inc., his wholly owned
corporation, for all of the outstanding shares of common stock of KLLM (and
associated preferred stock purchase rights), which offer expired at 12:00
midnight on June 9, 2000. Accordingly, the Low offer has terminated.
"At this time, I do not intend to raise my final offer," said Robert E.
Low. "However, in the event that the transaction between KLLM and the Liles
group is not completed, I would consider renewing a tender offer for KLLM."
According to the Depositary, as of the expiration time, there were
61,059 shares of KLLM common stock (and associated preferred stock purchase
rights) tendered and not withdrawn pursuant to Low's tender offer. These shares
will be returned to their respective holders in accordance with the Depositary's
procedures.
# # #
This news release is for information purposes only and is not an offer
to buy or the solicitation of an offer to sell any shares of KLLM common stock
and is not a solicitation of a proxy or written consents. If, at some future
date, a new consent solicitation is commenced by Mr. Low and/or any affiliate of
Mr. Low, a consent statement will be filed with the Securities and Exchange
Commission, which statement would contain important information that should be
read carefully by security holders of KLLM. Security holders would be able to
obtain at no charge a consent statement and related materials when they become
available on the Securities and Exchange Commission's web site at www.sec.gov.
In addition, any definitive consent solicitation statement, form of consent and
any related documents would be mailed to stockholders of KLLM.
