Shareholder Alert: Ademi LLP investigates whether U.S. Xpress Enterprises, Inc. has obtained a Fair Price in its transaction with Knight-Swift

MILWAUKEE, March 21, 2023 /PRNewswire/ -- Ademi LLP is investigating U.S. Xpress (NYSE: USX) for possible breaches of fiduciary duty and other violations of law in its transaction with Knight-Swift. 

Click here to learn how to join the action https://www.ademilaw.com/case/xpress-enterprises-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges U.S. Xpress' financial outlook and prospects are excellent and yet U.S. Xpress' shareholders are expected to receive only $6.15 per share in cash for each outstanding share of U.S. Xpress Class A and Class B common stock, except Max Fuller, Executive Chairman of U.S. Xpress, and Eric Fuller and related entities will rollover a portion of their shares of U.S. Xpress into an approximately 10% interest in a new Knight-Swift subsidiary formed to hold the U.S. Xpress business post-closing. The total enterprise value is approximately $808 million. The transaction agreement unreasonably limits competing bids for U.S. Xpress by imposing a significant penalty if U.S. Xpress accepts a superior bid. U.S. Xpress insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of U.S. Xpress' board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for U.S. Xpress.

If you own U.S. Xpress common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/xpress-enterprises-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                                       
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP