I had read about some of Mr. Simone's past experiences but hoped he was going to do things differently this time. A few months into his career here, I now have doubts. Cliff and Joe Palmer still being employed along with hiring what seems to be an inexperienced VP of Operations are some of those doubts. Those decisions don't seem to be in conjunction with long term success. After reading the latest news this morning, I think that the board is interested in the proposal but not at $9 per share. They rejected the offer because they felt it was too low, not because they aren't interested in selling. The way I see it, the negotiations have begun and both sides are playing hardball. But it's the beginning, the seller wants to sell at the highest possible price and the buyer wants to buy at the lowest possible price. That's how negotiations usually start. My opinion is that they will work it out and get a deal done before the end of the year.
Knight attempting hostile takeover of USA Truck
Discussion in 'USA Truck' started by keepitbetweenthelines, Sep 26, 2013.
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Plz read...
http://www.thetruckersreport.com/tr...41-do-not-work-for-knight-transportation.htmlLast edited: Sep 27, 2013
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Wow if the takeover bid did anything, it was adding new members to this forum. LOL
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Is everybody packing their bags again at USA?
If anything does happen, it will be somewhere before Christmas. Then there stocks will plunge. That's my two cents. Keep your fuel tanks full. Be Safe
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J_FROG and Thomas0810 Thank this.
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Im curious how much say wells fargo has in this transaction since they hold USAs debt?
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