U.S. Xpress Enterprises Inc. announced Tuesday an agreement to be acquired by Knight-Swift Transportation Holdings Inc. in a deal that values U.S. Xpress...
U.S. Xpress Enterprises Inc. USX announced Tuesday an agreement to be acquired by Knight-Swift Transportation Holdings Inc. KNX, in a deal that values U.S. Xpress shares at more than four times the latest closing price. Under terms of the deal, which the companies said is valued at $808 million, shareholders of the provider of truckload carrier services will receive $6.15 in cash for each U.S. Xpress share they own, which is 310% above Monday’s close of $1.50.
Under terms of the deal, which the companies said is valued at $808 million, shareholders of the provider of truckload carrier services will receive $6.15 in cash for each U.S. Xpress share they own, which is 310% above Monday’s close of $1.50. The stock is currently halted for news.
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