latest news releases from the newsroom
Eagle Bulk Shipping Inc.
Eagle Bulk Shipping, Inc. Announces Private Placement
NEW YORK, June 23, 2006 (PRIMEZONE) -- Eagle Bulk Shipping Inc. (Nasdaq:EGLE) today announced that it has entered into definitive agreements with institutional investors for the private placement of 2,750,000 shares of Eagle Bulk's common stock at a price of $12 per share resulting in $33 million of total proceeds. The Company expects to issue the shares on or around June 28, 2006.
Novo Nordisk A/S
Novo Nordisk Treasury Stock
BAGSVAERD, Denmark, June 23, 2006 (PRIMEZONE) -- At Novo Nordisk's ordinary general meeting on 8 March 2006 it was decided to reduce the company's B share capital from nominally DKK 601,901,120 B share capital to nominally DKK 566,432,800 B share capital by cancellation of nominally DKK 35,468,320 of the company's holding of own B shares.
Home BancShares, Inc.
Home BancShares, Inc. Prices Public Offering of Common Stock
CONWAY, Ark., June 23, 2006 (PRIMEZONE) -- John W. Allison, Chairman and Chief Executive Officer of Home BancShares, Inc. (Nasdaq:HOMB) announced today it has priced its public offering of 2.5 million shares of its common stock at $18.00 per share. Home BancShares has granted the underwriter an option to purchase up to an additional 375,000 shares of common stock to cover over-allotments. The offering is subject to customary closing conditions and is expected to close on Wednesday, June 28, 2006. The company expects to receive net proceeds of approximately $41.1 million from its sale of shares after deducting sales commissions and expenses. The company intends to use the proceeds of the offering for general corporate purposes, which may include, among other things, working capital needs and providing investments in bank subsidiaries. A portion of the net proceeds may be used to finance bank acquisitions, though no present plans exist.
StockIM Partners with Harbinger Research
NEW YORK, June 23, 2006 (PRIMEZONE) -- IM Strategies' flagship subsidiary StockIM(r) today announced the formation of a partnership with Harbinger Research, LLC. Harbinger Research provides current and archived research reports and detailed financial information on companies that trade publicly in the United States.
Horizon Offshore Inc.
Horizon Offshore, Inc. Announces Pricing of Public Offering of Common Stock
HOUSTON, June 23, 2006 (PRIMEZONE) -- Horizon Offshore, Inc. (Nasdaq:HOFF) (the "Company") today announced the pricing on June 22, 2006 of its public offering of 8,500,000 shares of the Company's common stock at $20.53 per share. The Company is selling 2,000,000 shares of common stock, and the remaining 6,500,000 shares are being sold by the selling stockholders who acquired shares in connection with the Company's recapitalization. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,275,000 shares of common stock to cover over-allotments, if any.
Gardy & Notis, LLP
Gardy & Notis, LLP Files Securities Fraud Class Action Against Herley Industries, Inc. -- HRLY
ENGLEWOOD CLIFFS, N.J., June 23, 2006 (PRIMEZONE) -- Gardy & Notis, LLP has filed a securities fraud class action lawsuit in the United States District Court for the Eastern District of Pennsylvania on behalf of purchasers of Herley Industries, Inc. (Nasdaq:HRLY) stock during a class period of October 1, 2001 to June 14, 2006, including all purchasers of Herley stock in the company's April 25, 2002 secondary offering.