TORONTO, April 2, 2015 /CNW/ - Wheels Group
Inc. ("Wheels") (TSXV: WGI) is pleased to
announce that it has completed its previously announced proposed
arrangement (the "Arrangement") with Radiant Logistics, Inc.
("Radiant") (NYSE MKT: RLGT) and its wholly-owned
subsidiary, Radiant Global Logistics Ltd. (the
"Purchaser").
Pursuant to the Arrangement, the Purchaser acquired all of the
issued and outstanding common shares of Wheels (the "Wheels
Shares") by way of the Arrangement.
With the completion of the Arrangement, the Wheels Shares are
expected to be de-listed from the TSX Venture Exchange as soon as
practicable following the date hereof.
In order to receive the consideration in exchange for their
Wheels Shares registered shareholders must complete, sign, date and
return the Letter of Transmittal and Election Form that was mailed
to each registered shareholder of Wheels. The Letter of
Transmittal and Election Form is also available from Wheels'
depositary, Equity Financial Trust Company, by telephone at 1 (866)
393-4891 (North American Toll Free).
Non-registered holders of Wheels Shares whose Wheels Shares are
registered in the name of a broker, investment dealer, bank, trust
company, trustee or other intermediary or nominee should contact
that intermediary or nominee for assistance in depositing their
Wheels Shares and should follow instructions of such intermediary
or nominee in order to deposit their Wheels Shares.
Further information about the Arrangement is set out in the
Wheels' management information circular dated February 24, 2015 which can be accessed online
under Wheels' issuer profile on SEDAR at www.sedar.com.
About Wheels Group Inc.
Founded in 1988, Wheels is a leading North American third party
supply chain logistics ("3PL") provider. As a non-asset
provider, Wheels develops advanced supply chain solutions delivered
through its qualified partner network of over 6,000 truck, rail,
air and ocean carriers. Wheels serves consumer goods, food and
beverage, manufacturing and retail clients through 18 offices
throughout the United States and
Canada. Wheels has been named one
of Canada's Best Managed Companies
since 1997, Platinum since 2003, one of North America's Top 100 3PL Companies and one
of the Top 100 Food 3PLs.
About Radiant Logistics, Inc.
Radiant (www.radiantdelivers.com) is a non-asset based
transportation and logistics company providing domestic and
international freight forwarding services and an expanding array of
value-added solutions, including customs and property brokerage,
order fulfillment, inventory management and warehousing. Radiant
operates through a network of company-owned and independent agent
offices across North America under
the Radiant, Airgroup, Adcom, DBA and On Time network brands
servicing a diversified account base, including manufacturers,
distributors and retailers using a network of independent carriers
and international agents positioned strategically around the
world.
Forward-Looking Information
This press release contains forward-looking statements
(including "forward-looking information" within the meaning of
applicable Canadian securities legislation and "forward-looking
statements" within the meaning of the US Private Securities
Litigation Reform Act of 1995).
None of the common shares of Radiant to be issued by Radiant
pursuant to the Arrangement have been or will be registered under
the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities laws, and any securities
issued in the Arrangement are anticipated to be issued in reliance
upon the exemptions from such registration requirements pursuant to
Section 3(a)(10) of the U.S. Securities Act and applicable
exemptions under state securities laws. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
any securities.
Neither the TSX Venture, nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this
release.
SOURCE Wheels Group Inc.