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

As the turnaround plan begins to take hold, we are happy to remain its top shareholder. The terms of the 2015 Cooperation 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, Kim Kardashian 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. We also transport general commodities into and out of Mexico by allowing through-trailer service from image source our terminal in Laredo, Texas. Our Strategic Capacity Solutions and Intermodal service offerings provide customized transportation solutions using sophisticated technological tools and multiple modes of transportation.
More: http://finance.yahoo.com/news/usa-truck-enters-cooperation-agreements-105000107.html

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