Knight Swift Transportation Purchasing U.S. Xpress Enterprises for $6.15 Per Share

(24/7 MARKET NEWS) – Knight-Swift Transportation Holdings Inc. (NYSE:KNX) (“Knight-Swift”) and U.S. Xpress Enterprises, Inc. (NYSE:USX) announced, this morning, that Knight-Swift will acquire U.S. Xpress for a total enterprise value of approximately $808 million, excluding transaction costs, or $6.15 per share, and is expected to close late in the second quarter or early third quarter of 2023, subject to customary closing conditions.

U.S. Xpress Enterprises is trading at $5.76, up $4.26 (+284.00%), on 810 thousand premarket shares.

Its 52-week trading range is $1.335 to 5.44, so it’s trading at new 52-week highs.

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