latest news releases from the newsroom
Ad-hoc: HEAD N.V. and HTM Sport- und Freizeitgerate AG ('HTM'), a Subsidiary of Head N.V., Announce Private Exchange Offer and Consent Solicitation Relating to HTM's EUR135,000,000 8-1/2 Senior Notes Due 2014 and Give a Trading Update
AMSTERDAM, Netherlands, April 21, 2009 (GLOBE NEWSWIRE) -- HEAD (Vienna:HEAD) (Pink Sheets:HEDYY), a leading global manufacturer and marketer of sports equipment, announced today the commencement by HTM, a subsidiary of Head N.V., of a private exchange offer (the "Exchange Offer"), to exchange its outstanding EUR135,000,000 8-1/2% Senior Notes due 2014 (the "Existing Notes") for its new 10% Senior Secured Notes due 2014 (the "Secured Notes"). The private offer will not be made to all holders of Existing Notes, but exclusively to certain holders as further specified below. The Existing Notes were, and the Secured Notes will be, issued by HTM Sport- und Freizeitgerate AG. The Secured Notes will be jointly and severally guaranteed by Head N.V. and Head Holding Unternehmensbeteiligung GmbH ("Head Holding"), HTM's indirect and direct parent companies, respectively, and certain of HTM's subsidiaries and will be secured by pledges or charges, as applicable, over certain inventories and trade receivables of HTM and certain subsidiaries of HTM, and cash under certain circumstances.
iGATE Reports First Quarter 2009 Earnings
FREMONT, Calif., April 21, 2009 (GLOBE NEWSWIRE) -- iGATE Corporation (Nasdaq:IGTE), the integrated technology and operations (iTOPS) company, announced today financial results for the first quarter of fiscal 2009, ended March 31, 2009.
Somerset Hills Bancorp
Somerset Hills Bancorp Reports 2009 First Quarter Earnings; Declares Cash Dividend of $0.05 Per Share
BERNARDSVILLE, N.J., April 21, 2009 (GLOBE NEWSWIRE) -- Somerset Hills Bancorp (Nasdaq:SOMH) (the "Company") parent company of Somerset Hills Bank (the "Bank") reported net income of $619,000 for the quarter ended March 31, 2009, a 39.4% increase versus $444,000 earned during the first quarter of 2008. Diluted earnings per share were $0.10 for the first quarter of 2009 versus $0.08 for the first quarter of 2008.
GulfMark Offshore, Inc.
GulfMark Offshore, Inc. Announces 1st Quarter 2009 Earnings Release Date and Conference Call Information
HOUSTON, April 21, 2009 (GLOBE NEWSWIRE) -- GulfMark Offshore, Inc. (NYSE:GLF) announced today that it has scheduled a conference call for Monday, April 27, 2009, at 9:00 a.m. Eastern Time. The purpose of the call is to discuss the Company's financial results for the first quarter ended March 31, 2009, which will be released before the market opens the same day. Those who wish to participate in the conference call should dial 877-381-5943 in the United States (international callers should use 973-638-3424).
Cyclacel & Dartmouth Researchers Report Novel Mechanism of Action for Seliciclib At AACR
DENVER, April 21, 2009 (GLOBE NEWSWIRE) -- Cyclacel Pharmaceuticals, Inc. (Nasdaq:CYCC) (Nasdaq:CYCCP) announced that scientists from Dartmouth Medical School and Cyclacel reported today preclinical evidence that certain lung cancer cells overexpress Cyclin E and are targeted by seliciclib, Cyclacel's CDK (cyclin dependent kinase) inhibitor which is currently in Phase 2 development for lung cancer. The data was presented at "Biological Mechanisms and Molecular Markers of Prevention," a symposium at the American Association of Cancer Research (AACR) Annual Meeting taking place here.
Tripp Levy PLLC
Shareholder Update From Peabody PLLC On Proposed Acqusitions of Pepsi Bottling Group and PepsiAmericas
NEW YORK, April 21, 2009 (GLOBE NEWSWIRE) -- Peabody PLLC announces an investigation into the proposed acquisition of The Pepsi Bottling Group (NYSE:PBG) and PepsiAmericas (NYSE:PAS). On April 20, 2009, PepsiCo (NYSE:PEP) announced that it has made an offer to buy the remaining shares that it does not already own in PBG and PAS. Under the terms of the proposal, PBG shareholders would receive $14.75 in cash plus 0.283 shares of PepsiCo common stock for each share of PBG (or approx. $29.50 per share), and PAS shareholders would receive $11.64 in cash plus 0.223 shares of PepsiCo common stock for each share of PAS (or approx.$23.27 per share). This price per share represents an approx. 17% premium over the closing price of the common stock of each company on April 17, 2009. The proposed merger is subject to the successful completion of both transactions and would require shareholder approval from both companies.