latest news releases from the newsroom
Bure sells its holding in Teleca and strengthens its balance sheet
GOTHENBURG, Sweden, Sept. 9, 2003 (PRIMEZONE) -- Bure (Other OTC:BRVVF)has sold its entire shareholding in Teleca which comprises 9,332,800 shares, equivalent to 15.8 per cent of capital and 14.4 per cent of votes. Buyers are institutional investors inside and outside Sweden. As a result of the sale, Bure strengthens its liquidity and reduces its net debt by approximately SEK 220M. The sale generates an exit gain of more than SEK 50M. The amounts relate to the situation after the remaining undertakings and financing matters linked to Bure's original acquisition of Teleca have been settled.
Billerud in negotiation with Barloworld to acquire Henry Cooke
STOCKHOLM, Sweden, Sept. 09, 2003 (PRIMEZONE) -- Billerud AB (publ) (Other OTC:BLRDF)(Other OTC:BLRDY)is negotiating to acquire British paper making company Henry Cooke Ltd from international industrial brand management company Barloworld Limited the two companies said today in a joint announcement. The acquisition process has commenced and a Letter of Intent has been signed. The Process is expected to be completed before the end of this calendar year. The expected purchase price is approx MSEK 230 (MGBP 17.5) on a debt free basis corresponding to book value.
NeoNet Signs Final Acquisition Agreement to Acquire Lexit
STOCKHOLM, Sweden, Sept. 09, 2003 (PRIMEZONE) -- NeoNet, an international agency brokerage providing efficient electronic equity execution services for the institutional investor industry, today announced that NeoNet, Lexit Financial Group, Inc. and shareholders representing 68% of votes and capital in Lexit have signed the final agreement for NeoNet's acquisition of Lexit Financial Group, Inc.'s in accordance with the previously announced Letter of Intent.
Akzo Nobel announces investment in Expancel factory in Sweden
ARNHEM, Netherlands, Sept. 09, 2003 (PRIMEZONE) -- Akzo Nobel (Other OTC:AKZOF)(Nasdaq:AKZOY) is investing an undisclosed amount in its Industrial Products plant in Stockviksverken, Sweden, which will be used to increase the production capacity of Expancel(R) expandable microspheres. The product has various uses in numerous applications, such as acting as a lightweight filler (tennis balls and shoe soles) and increasing friction (anti-slip coatings).
Precise Biometrics AB
Precise Biometrics' President and CEO testifies on biometrics and smart cards in the US Congress
LUND, Sweden, Sept. 09, 2003 (PRIMEZONE) -- Precise Biometrics' (Other OTC:PBMTF) President and CEO, Christer Bergman, has been invited to testify at an oversight hearing on "Advancements in Smart Card and Biometric Technology," in the US Congress House of Representatives' Government Reform Committee's Subcommittee on Technology, Information Policy, Intergovernmental Relations and the Census. Christer Bergman will represent the biometrics and smart card industries at the hearing, which will take place today, September 9, in Washington D.C.
Antisoma Acquires Cytogen's Royalty Rights To R1549
LONDON, and PRINCETON, N.J., Sept. 9, 2003 (PRIMEZONE) -- Antisoma plc (LSE:ASM) (NASDAQ Europe:ASOM) (Other OTC:AIOAF), a United Kingdom-based biopharmaceutical company, and Cytogen Corporation (Nasdaq:CYTO), a United States-based, product-driven, oncology-focused biopharmaceutical company, today announced that Antisoma has acquired certain royalty rights to Antisoma's lead product, R1549 (formerly Pemtumomab), from Cytogen.
Harsco Agrees To Sell $150 Million In Notes; Action Will Reduce Company's Financing Costs
HARRISBURG, Pa., Sept. 8, 2003 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE: HSC) announced today that it has agreed to sell a new issue of senior notes in the aggregate principal amount of $150 million. The notes are being issued at 99.713%, will bear interest of 5.125% and will mature on September 15, 2013. The notes are being offered to the public in a firm-commitment underwritten offering. The managing underwriters of the offering are Citigroup Global Markets, J.P. Morgan Securities, The Royal Bank of Scotland, SunTrust Capital Markets, and Wachovia Capital Markets. The offering is expected to close on September 12, 2003.
Communications Research, Inc.
Communications Research, Inc. Announces It Has Begun Soliciting Software Proposals
MAHWAH, N.J., Sept. 8, 2003 (PRIMEZONE) -- Communications Research, Inc. (Pink Sheets:CRHI) announced today they are in the process of soliciting proposals from third party software developers to rejuvenate their Tele-WRITER Corporation's Tele-WRITER-AGS (Advanced Graphic System) for development of an updated version of system software. At its peak, Tele-WRITER-AGS was generating annual revenues of approximately $10,000,000 and had over 2,000 users. The Company anticipates being able to re-capture a good number of those users and attract new clients with an updated version of the software.