Knight's Takeover Attempt Behind It, USA Truck Will End 'Poison Pill' Plan

by Marty Cook  on Thursday, Apr. 10, 2014 10:53 am  

Cliff Beckham, USA Truck's CFO, says the poison pill plan has served its purpose. "It protected shareholders from being robbed," he says.

USA Truck of Van Buren says it will end its shareholders rights plan at the end of business Friday. The publicly traded trucking company adopted the plan in November 2012 to protect itself from hostile takeover bids while the company attempted a turnaround.

Want the Full Article?

Get Unlimited Archive Access for $19.95 per Year

Readers must pay to access stories older than 20 days.

Purchase Now

Already have archive access? Login to view this article.

Search

Most Read

    GAPI: Failed to authenticate user. Error: "https://developers.google.com/accounts/docs/AuthForInstalledApps "

Latest Arkansas Business Poll

Would you support Amendment 82 bonds for Lockheed Martin?