USA Truck Rejects $242M Takeover Offer by Knight Transportation

by Lance Turner  on Thursday, Sep. 26, 2013 8:11 am  

While USA Truck reported a net loss of $1 million for the quarter, it was an improvement from the $3.5 million loss it reported for the second quarter of 2012.

USA Truck Inc. of Van Buren rejects a takeover offer by Knight Transportation of Phoenix, which offered $9 per share in cash for the company in August. And now Knight is taking the offer straight to shareholders.

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