Brad Ragan Inc. Makes Announcement.CHARLOTTE, N.C.--(BUSINESS WIRE)--Sept. 15, 1998--Brad Ragan Inc. (AMEX AMEX See: American Stock Exchange :BRD (Blue-Ray Disc) See Blu-ray. ) announced today that it has extended to Nov. 18, 1998 the termination date termination date, n See expiration 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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 CARR Carrier CARR Customer Acceptance Readiness Review CARR Carrollton Railroad CARR Corrective Action Request and Report CARR City Area Rural Rides (Texas) CARR Configuration Audit Readiness Review CARR Customer Acceptance Requirements Review , 704/521-2107 |
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