latest news releases from the newsroom
Spector Roseman Kodroff & Willis, P.C.
Spector, Roseman, & Kodroff, P.C. Announces Class Action Lawsuit Against Pilgrim Baxter & Associates on Behalf of Purchasers of Certain Pilgrim Baxter Mutual Funds
PHILADELPHIA, Dec. 2, 2003 (PRIMEZONE) -- The law firm of Spector, Roseman & Kodroff, P.C. announces that a class action lawsuit has been filed against Pilgrim Baxter & Associates ("Pilgrim Baxter") on behalf of all purchasers, redeemers and holders of shares of PBHG Growth Fund (NASDAQ: PBHGX), PBHG Emerging Growth Fund (NASDAQ: PBEGX), PBHG Large Cap Growth Fund (NASDAQ: PBHLX), PBHG Select Growth Fund (formally known as PBHG Select Equity Fund) (NASDAQ: PBHEX), PBHG Focused Fund (formally known as PBHG Focused Value Fund) (NASDAQ: PBFVX), PBHG Large Cap Fund (formally known as PBHG Large Cap Value Fund) (NASDAQ: PLCVX), PBHG Large Cap 20 Fund (NASDAQ: PLCPX), and others in the PBHG Mutual Funds, which are managed by Pilgrim Baxter from November 13, 1998 through November 13, 2003.
UTi Worldwide Signs Definitive Agreements to Acquire South African Pharmaceutical Logistics Provider
RANCHO DOMINGUEZ, Calif., Dec. 2, 2003 (PRIMEZONE) -- UTi Worldwide Inc. (Nasdaq:UTIW) today announced the signing of definitive agreements to acquire South Africa-based International Healthcare Distributors (Pty.) Limited (IHD). The pending transaction will further expand UTi's global contract logistics business and deepen its capabilities in the pharmaceutical distribution arena. Under the agreements, IHD will be acquired by a partnership, which will be 74.9% owned by UTi and 25.1% owned by a South African, broad-based black economic empowerment (BEE) organization. The purchase price will total approximately $40 million in cash, which includes a loan of approximately $17 million from UTi to the partnership.
Toll Brothers, Inc.
Toll Brothers' Website to Broadcast Live its Presentation at the 2003 NYSSA Housing Industry Conference
HUNTINGDON VALLEY, Dec. 2, 2003 (PRIMEZONE) -- Toll Brothers, Inc., (NYSE:TOL) (www.tollbrothers.com), will broadcast live on its website, www.tollbrothers.com, its presentation at the New York Society of Security Analysts' (NYSSA) Housing Industry conference on Thursday, December 11, 2003 at 1:00 p.m. (EST).
Lone Star Steak House & Saloon
Lone Star Steakhouse & Saloon, Inc.
WICHITA, Kan., Dec. 2, 2003 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc. ("Lone Star") announced today that Jeff Bracken, Chief Operating Officer of the Lone Star Concept would leave the Company at the end of this fiscal year. Chief Executive Officer Jamie B. Coulter said, "Jeff has had a distinguished career and played a very important role in the current success of Lone Star. He is leaving to pursue other interests, and we wish him well in his future endeavors. Jeff is a valued colleague, an outstanding executive and an exemplary team player; we will miss him a great deal. Lone Star is fortunate to have a deep and very talented field operations team, and I am pleased to announce the following management realignment."