Usa Truck Presents 30% Upside As The Target Of A Takeover

ZTE USA Announces Its First Corporate Partnership and Consumer Marketing Push in Conjunction With the Houston Rockets

(click to enlarge) Why KNX wants to do this deal For KNX, this represents an opportunity to expand its access into the high volume of the south at a reasonable price. While USAK does have some significant long-term debt and liabilities, about $147 million worth, had KNX been able to acquire the company for $95 million, it would have been a steal . Knight Transportation announced that it has proposed to acquire all of the outstanding shares of USA Truck for $9.00 per share in cash, valuing the equity of USA Truck at approximately $95M. The total value of the proposed transaction is approximately $242M, including USA Truck’s approximately $147M of outstanding net indebtedness. At the same time, I see a lot of overlap in the service areas that would be redundant. Why USAK rebuffed the attempt USAK believes the company is severely undervalued right now. With assets of $337 million, owner equity of $105 million, and liabilities of $147 million, the board feels this was a low ball offer : In light of our previous discussions with Knight, we are disappointed not only that Knight decided to make its proposal public this morning, but did so in a misleading manner. In fact, on September 6, 2013, the Company responded to Knight’s letter dated August 28, 2013 informing Knight that the Board of Directors unanimously viewed Knight’s $9.00 per share proposal as inadequate, as it substantially undervalued USA Truck in light of the initiatives undertaken by our new management team. Projections Although USAK stated they feel the deal severely undervalues the company, they didn’t exactly state a deal was out of the question. KNX has stated the company wants to do the deal and is willing to come back to the table with another offer : Knight Chief Executive Officer Kevin Knight said he’d be prepared to “modestly increase” a $9 per share proposed offer price if additional value is identified in due diligence, according to an Aug. 28 letter. Knight, which had sought a response by Sept.

Presidents Cup: USA stretches its lead to four points

2013-10-5 keegan bradley phil mickelson

(Photo: Business Wire) Multimedia Gallery URL RELATED QUOTES +0.320 HOUSTON–(BUSINESS WIRE)– The Houston Rockets and ZTE USA, the fastest-growing smartphone provider in the United States, jointly announced their first partnership, making ZTE the official smartphone of the Houston Rockets for the 2013-14 NBA season. The partnership is the first of its kind for ZTE globally and the first big consumer marketing push in the U.S. since the company entered the States 15 years ago. As part of the partnership, ZTE will have an opportunity to engage directly with the fans of the Rockets around the world through a variety of avenues, including key Rockets events, television and digital exposure, and customized in-game activation Both the Rockets and ZTE brands are debuting new, more powerful lineups this year. ZTE is launching two new smartphones the ZTE Grand S and the ZTE nubia 5 while the Rockets have a highly anticipated new roster featuring James Harden, Dwight Howard, Jeremy Lin and Chandler Parsons. Moreover, both brands are expanding globally, with ZTE providing its technology to more than 500 carriers and operators in more than 160 countries, and the Rockets reaching more than 325 million people worldwide, through more than 30 different networks throughout the world. The Houston Rockets are a perfect match for ZTEs first corporate sponsorship in the U.S. ZTE and the Rockets are both global brands bringing powerful lineups to excite both sports and tech enthusiasts across the country, said Lixin Cheng, Chairman and CEO, ZTE USA. Houston, and the U.S. at large, is a key market for ZTE going forward, building on our already 15-year track record of bringing robust yet affordable technology to U.S. carriers and consumers alike. ZTE and the Rockets announced this partnership in a special press event just before the first preseason game on Saturday, October 5. Houston is an important market for the Richardson, Texas-based ZTE USA.

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PRESIDENTS CUP: Saturday scoring Shortly after, Mickelson and Bradley defeated Ernie Els and Brendon de Jonge 2 and 1. Jason Day and Graham DeLaet got one back for the Internationals, scoring a 2-up victory against Steve Stricker and Jordan Spieth. The USA added another point when Brandt Snedeker and Hunter Mahan earned a 2-up victory against Charl Schwartzel and Louis Oosthuizen. And Woods and Kuchar ran their record to 3-0 this week with a 1-up victory against Adam Scott and Hideki Matsuyama that came down to the final putt. Kuchar rolled in a 15-foot birdie putt to hand Adam Scott and Hideki Matsuyama their first defeat. “Boy, that sure was a fun way to end it,” Kuchar said. For Woods, it was his eighth straight win in the Presidents Cup when playing on home soil. For the third day in a row, heavy rain interrupted play, this time for 1 hour, 19 minutes. A second session is scheduled for Saturday, foursomes, and it began even before Woods and Kuchar had wrapped up their victory. But more rain is in the forecast. Fourballs United States 4, International 1 Phil Mickelson and Keegan Bradley, United States, def. Ernie Els and Brendon de Jonge, International, 2 and 1. Jason Day and Graham DeLaet, International, def. Steve Stricker and Jordan Spieth, United States, 2 up. Bill Haas and Webb Simpson, United States, def.

LA Galaxy vs. Chivas USA | MLS Match Preview

6, 2013 (WEEK 32, MLS Game #296) 2 p.m. PT (UniMas; TWCSN-LA)

Galaxy and Chivas USA meet at StubHub Center. The Galaxy come into the contest looking to put an end to a four-match winless run, their last contest a 1-0 loss at the Portland Timbers, that has left them just a point clear in the top five of the Western Conference. Chivas USA are coming off a second consecutive defeat, a late goal giving the San Jose Earthquakes a 1-0 win last weekend in Carson. REFEREE: Jair Marrufo. AR1 (bench): Mike Kampmeinert; AR2 (opposite): Jeff Hosking; 4th: Kevin Stott MLS Career: 156 games; FC/gm: 24.0; Y/gm: 3.0; R: 32; pens: 46 DISABLED LIST: CHV: Daniel Antunez SUSPENDED: LA: Bruce Arena (head coach; through Oct. 6) CHV: Oswaldo Minda (caution accumulation; through Oct. 6) WARNINGS: SUSPENDED NEXT YELLOW CARD: LA: Juninho, Marcelo Sarvas CHV: Carlos Alvarez , Mario de Luna SUSPENDED AFTER TWO YELLOW CARDS: LA: A.J. DeLaGarza, Sean Franklin CHV: Bobby Burling, Gabriel Farfan, Tristan Bowen INTERNATIONAL ABSENCES: none HEAD-TO-HEAD ALL-TIME (27 meetings): Galaxy 17 wins, 43 goals Chivas USA 4 wins, 21 goals Ties 6 AS GALAXY HOME GAME (14 meetings): Galaxy 9 wins, 26 goals Chivas USA 2 wins, 12 goals Ties 3 2013 (MLS) 3/17: LA 1, CHV 1 (McBean 83 Alvarez 89) 6/23: CHV 0, LA 1 (Zardes 44) The teams are meeting for the third time this season. Gyasi Zardes scored the games only goal for a Galaxy win in the first SuperClasico at the newly named StubHub Center on June 23; the teams played to a 1-1 tie March 17 in Carson. The Galaxy have won nine of the last 11 league meetings, dating back to 2009.