Arkansas-based truckload carrier USA Truck announced Thursday the completion of its sale to German 3PL DB Schenker. The transaction was settled at $31.72 per share, a 118% premium to the carrier’s share price ahead of the June deal announcement.
A deal price of approximately $435 million included consideration of $290 million paid by DB Schenker in addition to the assumption of USA Truck’s (NASDAQ: USAK) cash and debt. The enterprise value implies the transaction was executed at roughly 5x...
https://www.freightwaves.com/news/done-deal-usa-truck-now-part-of-db-schenker