latest news releases from the newsroom
TDC rated BB-
COPENHAGEN, Denmark, April 12, 2006 (PRIMEZONE) -- TDC's credit rating has been changed by Standard & Poor's on April 11, 2006. TDC's rating was lowered to "BB-" for its long term corporate credit with a Stable outlook from "BB" with negative outlook. TDC's new Senior Secured Facility (cf. TDC's Stock Exchange Release no. 17 of March 3, 2006) was assigned "BB-". TDC's senior unsecured long-term rating on the existing EMTN bonds was lowered to "B" from "BB" reflecting the downgrade of the corporate credit rating and the legal subordination of the debt versus the new Senior Secured Facility. TDC's short term credit rating is unchanged at "B".
Scott+Scott, LLC Notifies Shareholders of Filing Deadline: Four Business Days to Move for Lead Plaintiff Appointment in Action Against Coca-Cola Enterprises, Inc. -- CCE
COLCHESTER, Conn., April 11, 2006 (PRIMEZONE) -- Scott+Scott, LLC notifies shareholders that four business days remain in which to request that the Court appoint them as lead plaintiff in a securities-fraud action against Coca-Cola Enterprises, Inc. (NYSE:CCE) ("CC Enterprises" or the "Company"). Scott+Scott filed a complaint against the Company and insiders on March 31, 2006, on behalf of CCE securities purchasers during the period October 15, 2003 through July 28, 2004, inclusive (the "Class Period"), for securities law violations. CC Enterprises engages in the manufacture, distribution, sale and marketing of nonalcoholic beverages primarily under agreements with The Coca-Cola Company.
Aveta Files Registration Statement with SEC for 144A Offering of Common Stock
NEW YORK, April 11, 2006 (PRIMEZONE) -- Aveta Inc., one of the largest companies focusing on Medicare Advantage and a leader in addressing the healthcare needs of the chronically ill, announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to the private placement offering of common stock pursuant exemption from the registration requirements of the Securities Act. The sale of 28.8 million common shares was completed on December 29, 2005. Friedman, Billings, Ramsey & Co., Inc. acted as placement agent for the offering. Once declared effective by the SEC, the registration will cover resales by selling stockholders. The company's Form S-1 registration statement is available on the SEC website at www.sec.gov.
Harwood Feffer LLP
Wechsler Harwood LLP Files Class Action Against Orphan Medical, Inc. -- ORPH
NEW YORK, April 11, 2006 (PRIMEZONE) -- Notice is hereby given that a class action lawsuit was filed by the law firm of Wechsler Harwood LLP ("Wechsler Harwood") in the United States District Court for the District of Minnesota. Plaintiff brings this action on behalf of itself and a class of non-management stockholders who held stock in Orphan Medical, Inc. ("Orphan " or the "Company") (Nasdaq:ORPH) at the time it was acquired by Jazz Pharmaceuticals, Inc. ("Jazz"), and who received from Jazz $10.75 in cash for each Orphan share owned (the "Class"). The complaint charges Orphan and certain of its officers and directors with violations of Sections 14(a) of the Securities Exchange Act of 1934.
Synovics Pharmaceuticals, Inc.
Synovics Pharmaceuticals, Inc. Announces Change of Company's Name and Trading Symbol
PHOENIX, April 11, 2006 (PRIMEZONE) -- Synovics Pharmaceuticals, Inc. (OTCBB:SYVC), a specialty pharmaceutical company with proprietary drug formulation and delivery technologies utilized in the development of an extensive pipeline of difficult to formulate, oral controlled-release generic and branded drugs, announced today that it completed the process of changing its name and is now trading under the symbol "SYVC" on the Bulletin Board. The Company also announced that it is changing its CUSIP number to 87163M 10 1. The Company previously announced that it had begun the process of changing its name from Bionutrics, Inc to Synovics Pharmaceuticals, Inc. by filing a Preliminary 14C with the SEC on Feb 3, 2006 and by filing a Definitive 14C on March 2, 2006.
National Bus Tour Travels Indiana -- Montel Williams To Appear
INDIANAPOLIS, April 11, 2006 (PRIMEZONE) -- Montel Williams, an Emmy-winning syndicated talk show host, author and motivational speaker, will be in Indianapolis Thursday with the "Help is Here Express," a traveling education center making its way across the country to raise awareness and educate the public about the Partnership for Prescription Assistance, a growing national program to help eligible patients access prescription medicines.