It was the other way around. The Aaron family (Stevens Transport) put money into Knight and was seriously considering an offer to buy them, but backed off after due dilgence period.
Stevens has too much cash for anyone to seriously try a hostile. And the stock is owned by family, for the most part.
Knight has some liabilities in the closet that keeps chasing off potentials.
When it happens (if?) it will be with a company that is on the edge and makes a desperation move.
But then, Knight may just stay independent and keep on haulin'.
Why would a debt free company be looking for a merger? Think it's the other way around. Someone wants a peice of some knight action. My boss buys trailers off of knight and says he gets good deals there.