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Stock Market & Financial Investment News

News Breaks
October 16, 2012
07:21 EDTRLGTRadiant Logistics initiated with a Buy at Sterne Agee
Target $3.50.
News For RLGT From The Last 14 Days
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September 2, 2014
16:17 EDTRLGTRadiant Logistics acquires Trans-NET
Radiant Logistics announced it has acquired Trans-NET. Trans-NET is an Issaquah, Washington-based, privately held company with experience in providing integrated project logistics solutions in key Russian oil, gas, mining and infrastructure development markets. The transaction was structured as a purchase of assets and includes an option to purchase the assets of Trans-NET's Russian affiliate, Trans-NET International Logistics, or TNIL, with operations in Sakhalin Island, Vladivostok and Moscow. TNIL will operate as an exclusive agent for Radiant pending the acquisition of the TNIL assets which is expected to be completed in the next 90-120 days. The company paid approximately 25% of the expected purchase price at close using cash and stock payments at closing with the balance payable in subsequent periods based on the future performance of the acquired operations.

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