We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of USA Truck, Inc. (“USA Truck” or the “Company”) (NASDAQ:USAK), in connection with the proposed acquisition of the Company by DB Schenker. Under the terms of the merger agreement, the Company’s shareholders will receive $31.72 in cash for each share of USA Truck common stock owned. The transaction is valued at approximately $435 million.
Weiss Law is investigating whether (i) USA Truck’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $31.72 per-share merger consideration adequately compensates USA Truck’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $39 per share, $7.28 above the per-share merger consideration.