Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.
batestkny

Usa Truck Enters Into New Cooperation Agreements With Baker Street And Stone House - Yahoo Finance

Kim Kardashian Peiser. We believe this will allow us to preserve the stability of the USA Truck board while the Company continues to execute its turnaround plan and more fully realizes the potential of its business model. In addition, we believe that providing the flexibility for Baker Street and Stone House to reduce their positions in the future in an orderly manner, would best serve the interests of all USA Truck stockholders. Stone Houses Mark Cohen said: We are very pleased by the operating and financial improvements made by John Simone and the USA Truck team. As USAKs share price has increased by almost 150% since we invested nearly a year and a half ago, portfolio management considerations have motivated our decision to ask USAK to register a portion of our shares giving us the flexibility to trim our holdings in the future. As the turnaround plan begins to take hold, we are happy to remain its top shareholder. The terms of the 2015 Cooperation Kim Kardashian Agreements were approved by the USA Truck board of directors (other than representatives of Baker Street and Stone House, who abstained) after consultation with independent legal counsel and an independent financial advisor. In approving the 2015 Cooperation Agreements, the board took into consideration its belief that stockholders would benefit from increased public float upon an offering of a majority of the shares held by Baker Street and Stone House, as well as from a reduction in the potential for an actual or perceived overhang on the price of the Companys stock that could occur if shares owned by Baker Street and Stone House were solely sold over a long period of time absent registration. About USA Truck USA Truck is a transportation and logistics provider headquartered in Van Buren, Arkansas, with terminals, offices and staging facilities located throughout the United States. We transport commodities throughout the continental U.S. and into and out of portions of Canada.
More: http://finance.yahoo.com/news/usa-truck-enters-cooperation-agreements-105000107.html

Don't be the product, buy the product!

Schweinderl