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Margin calls spur Adv. Lighting execs' timely trading.(Advanced Lighting Technologies Inc.)(Brief Article)(Statistical Data Included)
Crain's Cleveland Business, October, 2001 by Cornell, Ryan
When Advanced Lighting Technologies Inc. chairman and CEO Wayne R. Hellman sold more than 8% of his stock in the company during the weeks prior to the announcement of a major divestiture, it might have raised some eyebrows. When Advanced Lighting director Louis Fisi also unloaded a ton of the company's shares during the same period, it could have been doubly surprising to other investors and securities regulators.
But, in this case, there's more to the story. On Sept. 21, Solon-based Advanced Lighting, a maker of metal halide lighting products, announced its plans to sell its Ruud Lighting, Kramer Lighting and Ruud Lighting Europe lighting fixture businesses back to Ruud's founder and former CEO Alan Ruud, who is Advanced Lighting's president. According...
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