latest news releases from the newsroom
Revised time schedule for the combination of LGP Allgon and Powerwave
STOCKHOLM, Sweden, Feb. 5, 2004 (PRIMEZONE) -- With respect to the strategic combination of LGP Allgon and the US company Powerwave Technologies, Inc. ("Powerwave"), prospectus and other registration statements are being prepared in Swedish and in English to be registered with the Swedish Financial Supervisory Authority (Finansinspektionen) and the US Securities and Exchange Commission (the "SEC"). The prospectus is, with LGP Allgon has been informed that the new Powerwave shares to be issued in relation to the offer will be subject to registration with the SEC. The exemption from the registration requirements previously relied upon by Powerwave is no longer applicable, as a result of significant increase in the number of US holders of LGP Allgon shares following deviation from what has previously been communicated, anticipated to be distributed to LGP Allgon's shareholders during March 2004, immediately followed by an acceptance period. The current estimation is that the combination will be completed during April 2004.
Gemini Financial Communications
Nicholas Investment Company, Inc. Announces Agreement with Inter Medical GmbH for China Joint Venture
TEMECULA, Calif., Feb. 5, 2004 (PRIMEZONE) -- Nicholas Investment Company, Inc. (Pink Sheets:NIVM) today announced that its subsidiary, SINO UJE, Ltd., has entered into a Letter of Intent with Inter Medical GmbH, a medical software and hardware company based in Germany, to form a joint venture company to expand the market and availability of Inter Medical's imaging products in China.
H & M Hennes & Mauritz
H&M acquires GAP's German operations
STOCKHOLM, Sweden, Feb. 5, 2004 (PRIMEZONE) -- The H&M Group's German subsidiary acquires GAP (Deutschland) GmbH. H&M takes over all of GAP's 10 stores in Germany including employees. Take-over date is August 1, 2004. The stores will be converted into H&M- stores with expected opening under H&M management during the autumn. Today H&M has 239 stores in Germany. H&M plans to open around 140 new stores during 2004, mainly in Germany, France, the USA, Spain, the UK and Poland.