CART buying 45% of CART Licensing Products

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Championship Auto Racing Teams, Troy, Mich., will purchase the 45% of Cart Licensing Products, Atlanta, owned by Robert Hollander, its president. Terms weren't disclosed. Mr. Hollander is leaving to become CEO of, a yet-to-be-launched site on the West Coast. His successor will be Jonathon Frank, currently VP-sales and marketing.

Copyright January 1999, Crain Communications Inc.

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