EAGLE USA CHAIRMAN PULLS STOCK OFFERING
Amid a general slump on Wall Street, James R. Crane, chairman of
Texas-based forwarder Eagle USA Airfreight, has scrapped plans for a
secondary public stock offering.
Crane had filed registration papers in July to sell 1.38 million of his
8.26 million Eagle USA shares, which have been trading at around $36 per share.
Eagle USA would not have received any proceeds from the offering and will
incur any expenses from terminating the deal.
