NEW YORK, March 21, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of U.S. Xpress Enterprises, Inc. ("U.S. Xpress" or the "Company") (NYSE: USX), in connection with the proposed acquisition of the Company by Knight-Swift Transportation Holdings Inc. (NYSE: KNX). Under the merger agreement, the Company's shareholders will receive $6.15 in cash for each share of U.S. Xpress owned. The transaction is valued at approximately $808 million.
If you own U.S. Xpress shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/usx
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether (i) U.S. Xpress's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $6.15 per share merger consideration adequately compensates U.S. Xpress's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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