Latham & Watkins Advises DB Schenker in Combination with USA Truck

DB Schenker, one of the world’s leading logistics service providers, and USA Truck (NASDAQ: USAK), a leading capacity solutions provider, have announced an agreement under which DB Schenker will acquire all outstanding shares of USA Truck common stock for US$31.72 per share in cash. The transaction values USA Truck at approximately US$435 million, including assumed cash and debt. The combination advances DB Schenker and USA Truck’s shared vision to become the premier North American transportation solutions provider. Upon completion of the transaction, which the parties expect will occur by the end of 2022, USA Truck will become a private company and delist from NASDAQ Global Select Market.

Latham & Watkins LLP represents DB Schenker in the transaction with a cross-border corporate deal team led by New York partner Robert Katz, Chicago partner Max Schleusener, and Dusseldorf partner Tobias Larisch, with New York associates Trevor Kim and Jordan Wampler, and with assistance from Munich partner Thomas Gruetzner. Advice was also provided on tax matters by Chicago partner Rene de Vera; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Laura Waller; on benefits and compensation matters by New York counsel Rifka Singer; on intellectual property matters by Washington, D.C. counsel Kieran Dickinson, with associate Kellye Quirk; on data privacy and cybersecurity matters by Houston counsel Robert Brown, with associate Kathryn Parsons-Reponte; on real estate matters by Chicago counsel Jeffrey Anderson, with associates Matthew Mrazek and Shenu Reddy; on environmental matters by Houston partner Joel Mack and Los Angeles/Washington, D.C. counsel Josh Marnitz, with associate Andy Landolfi; on CFIUS matters by Washington, D.C. partner Damara Chambers, with associate Asia Cadet; on anti-bribery and anti-corruption matters by Chicago counsel Meredith Monroe, with associate Faiza Hasan; and on antitrust matters by Washington, D.C. partner Michael Egge, with associate Joy Dineo.