Exhibit (a) (1) (J)
JERRY MOYES EXTENDS TENDER OFFER
FOR SIMON TRANSPORTATION SERVICES INC.
FOR IMMEDIATE RELEASE: WEDNESDAY, JUNE 22, 2000
Phoenix, Az. (PR Newswire)--Jerry Moyes announced today that his tender
offer for all outstanding shares of Class A and Class B Common Stock of Simon
Transportation Services Inc. (Nasdaq: SIMN) at $7.00 per share net to the seller
in cash has been extended until 5:00 p.m., Eastern time, on Friday, June 30,
2000. Approximately 1.3 million shares had been tendered through 5:00 p.m.,
Eastern time, June 21, 2000. The consent solicitation also remains ongoing.
Mr. Moyes stated: "I am pleased by the response to my offer to date. The
Simon Board and I are discussing a procedure for allowing me due diligence
access to information concerning the company and other matters relating to my
tender offer and consent solicitation. I expect a resolution of these
discussions soon."
"I am also pleased to report that on June 16, the Department of Justice and
Federal Trade Commission granted early termination of the waiting period under
the Hart-Scott-Rodino Antitrust Improvements Act. This clears the major hurdle
to satisfying the Antitrust Condition of my offer," Mr. Moyes continued.
Other Important Information:
This press release is for information purposes only and is not an offer to
buy or the solicitation of an offer to sell any of the shares of Simon
Transportation and is not a solicitation of a proxy or written consents. The
offer to buy Simon Transportation shares is being made only pursuant to the
Offer to Purchase and related materials that Mr. Moyes has sent to Simon
Transportation stockholders and has filed as an exhibit to the tender offer
statement. The tender offer statement and the consent solicitation materials
contain important information that stockholders should consider before making
any decision regarding their shares. You can obtain the tender offer statement,
as well as other filings containing information about Mr. Moyes and Simon
Transportation, without charge, at the Securities and Exchange Commission's
Internet site (www.sec.gov). Copies of the tender offer statement and other SEC
filings also will be available, without charge, from the Information Agent for
the offer, as identified below:
The information Agent for the Offer and the Consent Solicitation is:
MacKenzie Partners, Inc.
156 Fifth Avenue
New York, NY 10010
(212) 929-5500 (call collect)
Call Toll-Free (800) 322-2885
Fax Number (212) 929-0308
