Celadon announces conclusion of stock transaction.INDIANAPOLIS--(BUSINESS WIRE)--July 8, 1996--Celadon Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLDN CLDN Calling Line Directory Number CLDN Claudin (gene family) ) today reported the previously announced changes in holdings of certain shareholders has been completed. Steve Russell, chairman, other members of Celadon management, Hanseatic hanse n. A medieval merchant guild or trade association. [Middle English, from Old French, from Middle Low German, from Old High German hansa, military troop. Corp. and two other funds have purchased 813,314 shares of Celadon Group Inc. common stock from Loenard Bennett for $9.00 per share. Bennett simultaneously resigned as president and a director of the company and will act as a consultant for the next three years. Additionally, Bennett has acquired Celadon's South American subsidiary, Celsur, for approximately $3.1 million. Separately, the company announced that Ronald S. Roman is joining Celadon as executive vice president, Fleet Management. Roman's prior experience includes responsibility for fleet management at both North American Van Lines North American Van Lines, or NAVL, is a large, United States based trucking company originally formed in Cleveland, Ohio and later based in Fort Wayne, Indiana, that is mainly dedicated to helping clients during the process of moving. and Pepisco. Celadon Group Inc. is full truckload company, with facilities in the U.S. and Mexico. Celadon is a leader in truckload movements among NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's countries. CONTACT: Celadon Group Inc. Don Snyder, 317/972-7033 |
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