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USX.US
id: 704, Created by Stan Vick Chase, Scout
Join U.S. Xpress Enterprises, Inc. (USX) M&A Case to Fight for Fair Price
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On March 21, 2023, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) and U.S. Xpress Enterprises, Inc. (NYSE: USX) announced an agreement under which Knight-Swift will acquire U.S. Xpress for a total enterprise value of approximately $808 million, excluding transaction costs.
- Under the terms of the agreement, $USX shareholders are expected to receive $6.15 in cash per share they own.
- The transaction has been unanimously approved by the Board of Directors of Knight-Swift and a Special Committee of the independent directors of the U.S. Xpress Board of Directors.
- It is expected to close late in the second quarter or early third quarter of 2023, subject to customary closing conditions.
Investors of $USX may have reasons to suspect that the pricing terms of the M&A transaction with $KNX are unfair and that the Company BoD breached fiduciary duties to shareholders.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Malpractice,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
21 March 2023