latest news releases from the newsroom
Frontline: Annual General Meeting
HAMILTON, Bermuda, Dec. 16, 2002 (PRIMEZONE) -- Frontline Ltd. (NYSE:FRO) (LSE:FRO) (the "Company") advised that the Annual General Meeting of the Company was held on Friday, December 13, 2002 at 2:00 p.m. (Bermuda time) at Cedar House, 41 Cedar Avenue, Hamilton, Bermuda. The following resolutions were passed:
onExchange, Inc. Announces Its Response to Speculation of an Offer for Rolfe & Nolan plc
CAMBRIDGE, Mass. and LONDON, Dec. 16, 2002 (PRIMEZONE) -- onExchange, Inc. announces today, in response to public speculation that it has recently made an approach to acquire Rolfe & Nolan, a clarification of its recent discussions with Rolfe & Nolan. onExchange approached the board of Rolfe & Nolan, by letter on July 29, 2002 with a conditional, indicative all-cash offer of 85 pence per Rolfe & Nolan share. This represented a premium of 50 per cent over the then share price of 56 pence and valued Rolfe & Nolan at approximately GBP12.5 million. The board of Rolfe & Nolan rejected this conditional, indicative offer. onExchange is still considering its options in relation to whether it will make a formal offer for Rolfe & Nolan.
Skandia Applies for Delisting From the Copenhagen Stock Exchange
STOCKHOLM, Sweden, Dec. 16, 2002 (PRIMEZONE) -- Skandia's (Other OTC:SKNFF) (LSE:SFS) (Stockholm:SDIA) board has decided to apply for a delisting of Skandia's shares from the Copenhagen Stock Exchange. The reason for the delisting is, among other things, the low trading volume of Skandia's shares on the Copenhagen Stock Exchange.
Klayman & Toskes P.A.
Notice to All Ask Jeeves Investors with First Union Securities, Inc. Accounts from the Law Firm of Klayman & Toskes, P.A. -- ASKJ
NEW YORK, Dec. 13, 2002 (PRIMEZONE) -- The Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com), representing numerous First Union Securities, Inc. ("First Union") customers, continues to investigate and pursue claims on its clients' behalf against the brokerage house. Suits were filed against First Union before the National Association of Securities Dealers, Inc. ("NASD") and the New York Stock Exchange ("NYSE") seeking compensatory and punitive damages for violations of the Securities and Exchange Act of 1934, state securities laws, common law fraud, breach of contractual and fiduciary duties and gross negligence. The law firm's investigation has now expanded to include Ask Jeeves, Inc. (Nasdaq:ASKJ) investors.
Klayman & Toskes P.A.
Notice to All Microsoft ESOP Participants with Merrill Lynch Unlimited Advantage Accounts from the Law Firm of Klayman & Toskes, P.A. -- MSFT
SAN FRANCISCO, Dec. 13, 2002 (PRIMEZONE) -- The law firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com), representing large groups of Employee Stock Option Plan ("ESOP") participants, has filed suit before the New York Stock Exchange ("NYSE") on behalf of a Microsoft (Nasdaq:MSFT) employee who had accumulated the vast majority of his retirement monies through Microsoft's ESOP Plan. The suit seeks compensatory damages of $10,061,058 against Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Merrill Lynch") for alleged unlawful conduct at its Seattle and Wenatchee, Washington branch offices.
Chitwood & Harley
Chitwood & Harley Seeks to Recover Losses for OM Group, Inc. Shareholders in Securities Fraud Class Action Lawsuit -- OMG
ATLANTA, Dec. 13, 2002 (PRIMEZONE) -- Chitwood & Harley announces that it has filed a class action lawsuit in the United States District Court for the Northern District of Ohio, on behalf of purchasers of the securities of OM Group, Inc. (NYSE:OMG) between April 25, 2002 and October 30, 2002 (the "Class Period"), against defendants OM Group, Inc., and certain of its officers and directors.
go-today.com: Carnival Experience in Venice from Only $699!
BOTHELL, Wash., Dec. 13, 2002 (PRIMEZONE) -- Lavish costumes and outrageous masks are the order of the day during Carnival. Take advantage of go-today.com's Venice Carnival Escape and experience this festival where intrigue and disguise delight, and anything goes for the ten days, including Shrove Tuesday, leading up to Lent.