Knight Expands Usa Truck Stake Amid Vow To Pursue Takeover

If thats going to be the case well make some changes, but were not looking at the MLS schedule at all. In past World Cup cycles where the USA has qualified early, previous U.S. coaches have used the final qualifying matches to try out new players. Klinsmann is taking a far different approach. He wants as strong a team as possible, and sees the matches as an opportunity for players to make their cases for being on the 2014 World Cup team. Theres a World Cup waiting for you in Brazil. All you need to say is Brazil. The race is on, said Klinsmann. This about showing, especially the coaches, but everyone, that you deserve to go to Brazil. All these games, every training session, everything that goes on in the camp, has a meaning. They know that once they come in its about serious business. We want to do well. We want to improve as a team. We still have a long way to go, Klinsmann said. The benchmark was CONCACAF.

(USAK) and vowed to take the necessary steps to complete a hostile takeover of the short-haul carrier after its bid was rejected a second time. Knight increased its holding to 11.3 percent from 8 percent and said it has held talks with several of USA Trucks largest shareholders, who indicated their support for the $9-a-share offer, according to a filing today. USA Truck spurned the bid on Sept. 26, saying it substantially undervalues the company. We continue to believe that a combination of Knight and USA Truck is better positioned to deliver value for and is in the best interest of all of Knight and USA Trucks stakeholders, and we are prepared to take the necessary steps to make this combination a reality, Knight said today. Knight made public its offer to buy the Van Buren, Arkansas-based company in a $242 million transaction on Sept. 26, sending USA Truck shares soaring 36 percent, the biggest advance since its initial public offering in 1992. The combination would help allay risk in the short-haul carriers turnaround plan and help reverse eight consecutive quarters of net losses, said Knight, which is based in Phoenix. USA Truck rose 4.3 percent to $8.96 at the close in New York . The shares have more than doubled this year. Knight was little changed at $16.52 and has increased 13 percent this year.

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