Knight-Swift takes over US Xpress Enterprises in $808m deal, pays 310% premium –> stock up 6.8%

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Knight-Swift Transportation Agrees to Acquire U.S. Xpress Enterprises for $6.15 Per Share

03/21/23

PHOENIX & CHATTANOOGA, Tenn.?(BUSINESS WIRE)? Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (“Knight-Swift”) and U.S. Xpress Enterprises, Inc. (NYSE: USX) (“U.S. Xpress”) today announced an agreement under which Knight-Swift will acquire U.S. Xpress for a total enterprise value of approximately $808 million, excluding transaction costs. The transaction has been unanimously approved by the Board of Directors of Knight-Swift and ...