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Stock Market & Financial Investment News

News Breaks
March 21, 2014
09:03 EDTRLGTRadiant Logistics CEO increases ownership in company
Radiant Logistics announced that its founder and CEO Bohn Crain, has increased his ownership stake in the company through the exercise of a portion of the option grant he received in connection with the launch of the company in October of 2005. The company granted Mr. Crain a non-qualified option to purchase 2M shares of Radiant common stock in October of 2005 under Radiant's 2005 Stock Incentive Plan with an exercise price of $0.50 per share for 1M shares and an exercise price of $0.75 per share for the other 1M shares.
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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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