Knight Still Open To Raising Spurned $242M USA Truck Bid

Law360, New York (November 4, 2013, 12:30 PM EST) -- Knight Transportation Inc. reaffirmed on Monday that it is open to padding its $242 million takeover offer for USA Truck Inc., keeping pressure on the target company nearly two months after its flat-out rejection of the bid.

In a presentation echoing its case for the tie-up, Knight said that USA Truck's prospects as a standalone company are bleak. The Arizona company said its target is heading toward more losses and continues to lag behind competitors, thanks to limited cash flow, mismanagement and minimal investor confidence....
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