(Refiles to correct dateline)
* Ups stake to 12.5 pct
* Buys shares at C$4.80 each
June 25 Canada's Mullen Group Ltd (MTL.TO) on
Friday nearly doubled its stake in Logan International Inc
LII.TO to 12.5 percent.
The deal comes months after Mullen, which provides
transportation and related services to the oil and gas
industry, said it was looking to use capital in acquisitions.
Mullen said it bought 1.97 million shares of Logan
International bringing its total holdings to about 4.10 million
The company bought the shares at an average price of
Shares of Mullen closed at C$14.66 on the Toronto Stock
(Reporting by Aftab Ahmed in Bangalore; Editing by Prem
(email@example.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 4135 5800; Reuters Messaging: