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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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March 26, 2015
14:00 EDTRLGTRadiant Logistics says Wheels shareholders approve arrangement
Radiant Logistics provided an update on its pending acquisition of Wheels Group. Wheels has informed Radiant that, at its special meeting of shareholders held today, holders of common shares of Wheels approved the previously-announced arrangement between Wheels, Radiant and its wholly-owned subsidiary, Radiant Global Logistics. Pursuant to the Arrangement, the Purchaser Subsidiary has agreed, subject to the terms and conditions of the arrangement agreement dated January 20 among Wheels, Radiant and the Purchaser Subsidiary, to acquire all of the outstanding common shares of Wheels by way of the Arrangement. According the Wheels, the Arrangement was approved by approximately 100% of the votes cast at the Meeting. In addition, the Arrangement was approved by approximately 100% of the votes cast at the Meeting excluding the votes cast by "interested parties" as required pursuant to Multilateral Instrumental 61-101 Protection of Minority Security Holders in Special Transactions. In addition, the share portion of the of the merger consideration payable pursuant to the Arrangement has been over-subscribed, and therefore Radiant expects to issue to Wheels' shareholders the maximum allocation of 6.9 million shares of its common stock. Wheels expects to apply for final court approval of the Arrangement on March 31. Subject to obtaining the final court approval and the remaining conditions to closing being satisfied, it is anticipated that the closing of the Arrangement will occur in early April.

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