latest news releases from the newsroom
Levi & Korsinsky, LLP
Levi & Korsinsky LLP Investigates Board of FCStone Group Inc.
NEW YORK, July 2, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating the Board of Directors of FCStone Group Inc. ("FCStone" or the "Company") (Nasdaq:FCSX) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to International Assets Holding Corp. (Nasdaq:IAAC) ("International Assets"). Under the terms of the agreement, FCStone shareholders will receive 0.2950 shares of International Assets stock for each share of FCStone they own. Based on the July 1, 2009 closing price of International Assets shares, the transaction is valued at $4.64 per share or approximately $130 million in the aggregate.
Cree CEO Meets President Obama to Discuss Advantages of LED Lighting
WASHINGTON, July 2, 2009 (GLOBE NEWSWIRE) -- Today, Chuck Swoboda, chairman and chief executive officer of Cree (Nasdaq:CREE) joined President Obama at the White House to discuss the latest developments in energy-efficient technologies. Cree, based in Durham, North Carolina, is a market-leading manufacturer of LED (light-emitting diode) products.
I.D. Systems, Inc.
I.D. Systems Adopts Limited Duration Shareholder Rights Plan
HACKENSACK, N.J., July 2, 2009 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq:IDSY) (the "Company"), a leading provider of wireless asset management solutions, today announced that its Board of Directors adopted a limited duration shareholder rights plan (the "Rights Plan") pursuant to which a dividend distribution of one preferred stock purchase right (a "Right" and collectively, the "Rights") will be made for each outstanding share of the Company's common stock. The Board of Directors adopted the Rights Plan to assure that the Company's shareholders receive fair and equal treatment in the event of any proposed takeover of the Company, and to guard against partial tender offers, squeeze-outs, open market accumulation and other actions intended to gain control of the Company without paying all shareholders a fair price. The Rights Plan is not intended to and will not prevent an appropriate transaction at a full and fair price.
Advanced Battery Technologies, Inc.
Advanced Battery Technologies Remedies Non-Compliance With NASDAQ Listing Standard
NEW YORK, July 2, 2009 (GLOBE NEWSWIRE) -- Advanced Battery Technologies, Inc. (Nasdaq:ABAT), a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI) batteries, today announced that on June 30, 2009 the NASDAQ Stock Market sent written notice to Advanced Battery Technologies that its private placement of Series F 0% Convertible Preferred Stock on June 17, 2009 did not comply with NASDAQ Listing Rule 5640. The notice further stated, however, that Advanced Battery Technologies has regained compliance with Rule 5640 and that the matter is closed.
Advanced Environmental Recycling Technologies, Inc.
AERT/Nasdaq Compliance Update
SPRINGDALE, Ark., July 2, 2009 (GLOBE NEWSWIRE) -- Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERT), a leading plastics recycler and manufacturer of Green building products, today announced that the company received a Nasdaq Staff Determination on June 26, 2009 notifying the company that its request for continued listing on The Nasdaq Capital Market had been denied, and that the company must appeal to a Nasdaq Listing Qualifications Panel for additional time to regain compliance and complete its recapitalization plan.
VCA Antech, Inc.
VCA Antech, Inc. to Report Second Quarter 2009 Financial Results
LOS ANGELES, July 2, 2009 (GLOBE NEWSWIRE) -- VCA Antech, Inc. (Nasdaq:WOOF), a leading animal healthcare company in the United States, will report financial results for its second quarter of 2009 on Thursday, July 23, 2009 at 4:00 p.m. Eastern Time.