USA Truck Files Lawsuit Against Knight Transportation for Breach of Contract, Wants Stock Divested

by Lance Turner  on Friday, Oct. 11, 2013 6:56 am  

USA Truck says Knight Transportation has used confidential information to initiate "a creeping hostile takeover of USA Truck at a price that does not reflect the full intrinsic value" of the company.

USA Truck Inc. of Van Buren files a breach of contract lawsuit against Knight Transportation Inc., which wants to take over the trucking company in a deal worth $242 million.

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