Usa Truck Presents 30% Upside As The Target Of A Takeover

The USA Science & Engineering Festival Revolutionizing STEM Education Through Groundbreaking Nifty Fifty Program

At $9 per share, the company has a market cap of just under $95 million, but owns $337 million in assets and stockholder equity of $105 million. They have been operating with a net loss for the past two years, but are showing increases in operations, and just brought in a new CEO that the company believes will help to turn around business. (click to enlarge) KNX Overview KNX is a provider of multiple truckload transportation services, which involve the movement of full trailer or container loads of freight from origin to destination for a single customer. The company operates “primarily in high-density, predictable freight lanes in select geographic regions, and attempt to develop and expand the customer base around each of the service centers by providing multiple truckload services for each customer.” While the company does operate nationwide, the majority of its hubs are along the west coast and northeast. There is some overlap between the locations of USAK service centers, which could be consolidated where necessary in order to be more efficient. (click to enlarge) The company is currently trading in the $16.50s, and has a market cap of $1.33 billion. The market has not reacted to the takeover attempt, and the price seems to have remained steady after the attempt. (click to enlarge) Why KNX wants to do this deal For KNX, this represents an opportunity to expand its access into the high volume of the south at a reasonable price. While USAK does have some significant long-term debt and liabilities, about $147 million worth, had KNX been able to acquire the company for $95 million, it would have been a steal . Knight Transportation announced that it has proposed to acquire all of the outstanding shares of USA Truck for $9.00 per share in cash, valuing the equity of USA Truck at approximately $95M. The total value of the proposed transaction is approximately $242M, including USA Truck’s approximately $147M of outstanding net indebtedness. At the same time, I see a lot of overlap in the service areas that would be redundant. Why USAK rebuffed the attempt USAK believes the company is severely undervalued right now. With assets of $337 million, owner equity of $105 million, and liabilities of $147 million, the board feels this was a low ball offer : In light of our previous discussions with Knight, we are disappointed not only that Knight decided to make its proposal public this morning, but did so in a misleading manner. In fact, on September 6, 2013, the Company responded to Knight’s letter dated August 28, 2013 informing Knight that the Board of Directors unanimously viewed Knight’s $9.00 per share proposal as inadequate, as it substantially undervalued USA Truck in light of the initiatives undertaken by our new management team.

USA Network Holding Anti-Bullying Commercial Contest (Exclusive)

Pop singer Carly Rae Jepsen will announce the contest during Thursday’s #UniteLive: The Concert to Rock Out Bullying to an audience of thousands of students in Las Vegas. “We were so thrilled that Carly Rae Jepsen signed on to headline #UniteLIVE: the Concert to Rock Out Bullying,” USA Network’s senior vice president of public affairs, Toby Graff, told TheWrap . “She’s genuinely passionate about the cause of stopping bullying and she has a huge following among the exact audience of young people we’re trying to reach to spread the message and help prevent bullying.” Also read: ‘Breaking Bad’ Star Aaron Paul Raises Nearly $1.8 Million for Anti-Bullying Charity Jepsen will also appear in an original Public Service Announcement (PSA) calling for student entries to the competition that will air on USA Network. Starting Thursday, students between the ages of 13 to 18-years-old can enter the commercial contest by submitting a short written essay or video www.charactersunite.com . The winner will receive an iPad and trip to Los Angeles to see the commercial filmed. Two runner-ups will also receive iPads. The contest ends on Nov. 20. “We’re excited to get creative ideas on how to stop and prevent bullying from kids across the country,” Graff said. “They understand the issue and they know how to speak to their peers in a way that can really resonate. The Unite Against Bullying Commercial Challenge will give them a chance to express themselves, make a real difference and win a cool prize of seeing their idea made into a real TV ad.” Also read: USA Welcomes ‘Modern Family’ Fans With Multi-Platform Offerings USA Network, R&R Partners Foundations Flip the Script and Cox Communications presented Thursday’s #UniteLive: The Concert to Rock Out Bullying. Nolan Gould (Modern Family), Sheamus (WWE), James Roday (Psych), and Mehcad Brooks (Necessary Roughness) made appearances. The concert and contest are part of USA Network’s initiative called “Characters Unite,” which aims to combat discrimination and intolerance.

Alon USA Announces Third Quarter 2013 Earnings Release and Conference Call Schedule

( ALJ ) (“Alon”) today announced that it plans to release its third quarter 2013 financial results on Thursday, November 7, 2013 after the market closes. In conjunction with the release, Alon has scheduled a conference call, which will be broadcast live over the Internet on Friday, November 8, 2013 at 11:30 a.m. Eastern Time (10:30 a.m. Central Time). What: Alon USA Energy, Inc. Third Quarter 2013 Earnings Conference Call When: Friday, November 8, 2013 11:30 a.m. Eastern Time Where: Live via phone by dialing 1-877-941-9205 or 480-629-9771, for international callers, and asking for the Alon USA Energy call at least 10 minutes prior to the start time. Investors may also listen to the conference live on the Alon corporate website, http://www.alonusa.com , by logging on that site, clicking “Investor Center” and then “Alon USA Energy, Inc.” A telephonic replay of the conference call will be available through November 22, 2013 and may be accessed by calling 1-800-406-7325 or 303-590-3030, for international callers, and using the passcode 4642298#. A web cast archive will also be available at www.alonusa.com shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at Dennard-Lascar Associates at 713-529-6600 or email dwashburn@dennardlascar.com . Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company directly owns crude oil refineries in California, Louisiana and Oregon, with an aggregate crude oil throughput capacity of approximately 144,000 barrels per day. Alon USA also owns 100% of the general partner and approximately 82% of the limited partner interests in Alon USA Partners, LP ( ALDW ), which owns a crude oil refinery in Texas with an aggregate crude oil throughput capacity of approximately 70,000 barrels per day. Alon USA is a leading producer of asphalt, which it markets through its asphalt terminals predominately in the Western United States.

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The free, nonprofit Festival is the largest STEM outreach event in the world, and is filled with hands-on exhibits, experiments, concerts, and talks from leading technology entrepreneurs, Nobel Prize winning scientists, Hollywood celebrities, Fortune 500 CEOs, and many others. The Nifty Fifty program quietly launched in 2010. Officially kicking off in October 2013, the 2013/2014 program will close in April 2014. This years program will include schools in Maryland, Virginia, New York, California, and Washington, D.C., and is on its way to expanding to a fifty state effort. Schools can still apply to take part by going to: http://www.usasciencefestival.org/schoolprograms/niftyfifty.html . The goal of the Festival is to create wonder and to inspire young people, said Larry Bock, founder of the USA Science & Engineering Festival. He added, The Nifty Fifty program is at the very core of our mission to stimulate and motivate students, exposing them to incredible role models who open new pathways for their futures in science, technology, engineering and mathematics. An incredibly diverse group of leading science and technology visionaries are taking part in this years Nifty Fifty, including: Dr. ReggieBrothers, Deputy Assistant Secretary of Defense, who ensures that America remains safe through science and technological innovation; Dr. Elizabeth Cottrell, Geologist, Smithsonian Institution, who will take students on a journey to the center of the Earth with her latest findings on volcanoes and the planets core and mantle; Dr. Anthony S. Fauci, Physician and Scientist, NIAID, who as Director of the National Institute of Allergy and Infectious Disease serves as a key advisor to the White House on a wide range of health issues, from the global AIDS epidemic to bioterrorism; Dr. Diandra Leslie-Pelecky, who studies the physics of NASCAR when not researching nanoscience; Dr. Donald A.