Brad Ragan Inc. Makes Announcement.CHARLOTTE, N.C.--(BUSINESS WIRE)--Sept. 15, 1998--Brad Ragan Inc. (AMEX:BRD BRD - Background Review Document (NIH) BRD - Bard (gaming) BRD - Biological Research Division (USGS) BRD - Biological Resources Division (USGS) BRD - Biomedical Research Database (DoD) BRD - Black River Digital BRD - Black Rock Depths (MMORPG World of Warcraft) BRD - Black Rock Desert BRD - Blue Ray Disk BRD - Bomb Release Distance BRD - Book Review Digest BRD - Booster Requirements Document BRD - Bovine Respiratory Disease) announced today that it has extended to Nov. 18, 1998 the termination date under the Share Exchange Agreement dated May 5, 1998 with The Goodyear Tire & Rubber Co. Pursuant to the Agreement, Goodyear would acquire all of the 556,924 shares of the Common Stock of the Company it does not own for a cash purchase price of $37.25 per share. Goodyear currently owns 74.5% of the Company's Common Stock. The Agreement originally provided that it would terminate if the acquisition were not completed by today. Brad Ragan, Inc. is the largest United States producer of retreaded tires for off-highway vehicles. The company distributes new and retreaded off-the-road and truck tires through a network of 52 commercial outlets in 19 states. The Company also operates a chain of 118 retail stores in the Southeast, featuring products and services for the auto and home. CONTACT: Brad Ragan, Inc., Charlotte R.J. Carr, 704/521-2107 |
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