Daseke deal to buy back founder’s stock done ‘at great terms,’ says Craig-Hallum

After Daseke announced an agreement to repurchase founder and former CEO Don Daseke’s 17.9M shares, or 29% of the outstanding shares, Craig-Hallum analyst Ryan Sigdahl called this "a well-structured deal" for the company and shareholders that is "highly accretive" and being done "at great terms" for the company. The deal is also structured to keep financial flexibility, said Sigdahl, who has a Buy rating and $14 price target on Daseke shares.