Transportation M&A » By The Online Investor Staff, updated Sat., Jan. 23, 10:36 AM
Recent mergers and acquisitions in the Transportation M&A category.
Slide #36. Knight Transportation — USA Truck
| Acquirer: |
Knight Transportation (KNX) |
| Acquiree: |
USA Truck (USAK) |
| Details: |
Knight Transportation, Inc. (NYSE:KNX)("Knight"), one of North America's largest and most diversified truckload transportation companies, today announced that it has proposed to acquire all of the outstanding shares of USA Truck, Inc. (NASDAQ:USAK) for $9.00 per share in cash, valuing the equity of USA Truck at approximately $95 million. The total value of the proposed transaction is approximately $242 million, including USA Truck's approximately $147 million of outstanding net indebtedness. The proposal represents a significant premium of approximately 39% to USA Truck's closing price on September 25, 2013, the last trading day prior to this announcement; a premium of approximately 50% to USA Truck's average closing price for the ten trading days preceding this announcement; and a premium of approximately 58% to USA Truck's closing price on August 27, 2013, the last trading day prior to Knight's August 28, 2013, proposal letter to USA Truck's Board of Directors. |
Knight-Swift Transportation Holdings is a truckload carrier and a provider of transportation solutions. Co. provides multiple truckload transportation, intermodal, and logistics services using a nationwide network of business units and terminals in the U.S. and Mexico to serve customers throughout North America. In addition to its truckload services, Co. also contracts with third-party capacity providers to provide a range of truckload services to its customers. Co. operates company tractors, independent contractor tractors, and trailers within its Trucking segment. Additionally, Co. operates tractors and intermodal containers within its Intermodal segment.
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Knight-Swift Transportation Holdings is a truckload carrier and a provider of transportation solutions. Co. provides multiple truckload transportation, intermodal, and logistics services using a nationwide network of business units and terminals in the U.S. and Mexico to serve customers throughout North America. In addition to its truckload services, Co. also contracts with third-party capacity providers to provide a range of truckload services to its customers. Co. operates company tractors, independent contractor tractors, and trailers within its Trucking segment. Additionally, Co. operates tractors and intermodal containers within its Intermodal segment.
KNX SEC Filing Email Alerts Service
Open the USAK Page at The Online Investor »
| Company Name: |
| Knight-Swift Transportation Holdings Inc |
| Website: |
| www.investor.knight-swift.com |
| Sector: |
| Trucking |
| Number of ETFs Holding KNX: |
| 72 |
| Total Market Value Held by ETFs: |
| $1.00B |
| Total Market Capitalization: |
| $7.44B |
| % of Market Cap. Held by ETFs: |
| 13.48% |
|
| Company Name: |
| USA Truck, Inc. |
| Website: |
| www.usa-truck.com |
| Sector: |
| Trucking |
| Number of ETFs Holding USAK: |
| 5 |
| Total Market Value Held by ETFs: |
| $3.65M |
| Total Market Capitalization: |
| $97.00M |
| % of Market Cap. Held by ETFs: |
| 3.76% |
|
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