Charles pugh or whatever his name is hasn't said anything. Hes the one who first started rumors that Knight was looking to buy USA.
Surprised
Discussion in 'USA Truck' started by jtannillo, Sep 26, 2013.
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How is it a rumor that Knight was looking to buy USA?
Knight made an offer ( http://www.dailyfinance.com/2013/09/...e-for-usa-tru/) but according to http://www.arkansasbusiness.com/art...jects-takeover-offer-by-knight-transportation USA Truck turned it down.
It is discussed in several threads here. -
That guy was on here over a month ago talking about it before it was public info. Yes I know they received an offer. Everyone suggested that charles guy was just spreading rumors.Weeman7898 Thanks this.
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That Charles guy spread rumor that Night had already bought USA and they were just waiting for the deal to be completed.Thomas0810 Thanks this.
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I understand this but there was some smoke to the rumor. Very strange though is the fact that Knight already owned 8% of USA truck prior to the announcement. Not sure the SEC would like it if they sold in the near term.
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Yes, when you think about that guy, Martha Stewart comes to mind. Makes you kinda wonder, doesn't it?
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He was told by someone at knight that something was coming down the wire. Whoever told him is the one who could potentially be in a lot of trouble. Its funny cause the stock popped to over 9 dollars a share on the day of the announcement even though the articles say USA rejected it.Thomas0810 Thanks this.
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Yep and Knight owning 8 percent of the stock. Wonder how much they sold when it hit $8.90. They knew USA wasn't interested, so why did they announce it?
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USA put them out on front street with their response!!! That was definitely a ## response.
Thomas0810 Thanks this. -
In the end it won't matter if USA is interested. If the shareholders vote to accept 9 bucks a share then thats what it will be.
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