latest news releases from the newsroom
Advanced Technology Industries, Inc.
Advanced Technology Industries, Inc. and LTDnetwork, Inc. Announce the Execution of an Agreement and Plan of Merger
BERLIN, June 20, 2003 (PRIMEZONE) -- Advanced Technology Industries, Inc. (OTCBB:AVDIE) ("ATI") announced today that it has entered into an Agreement and Plan of Merger with LTDnetwork, Inc. ("LTDN"). Under the terms of the Merger Agreement, LTDN will become a wholly owned subsidiary of ATI, and LTDN stockholders will own at least 58% of the outstanding common stock of ATI following the merger. The percentage of shares of ATI common stock to be issued to the LTDN stockholders may be increased depending on the amount of cash on LTDN's balance sheet and the existence of certain liabilities of ATI, in each case at the time of the merger.
Golar LNG: Insider Transaction
OSLO, Norway, June 20, 2003 (PRIMEZONE) -- CEO in Golar LNG Ltd. (Nasdaq:GLNG), Tor Olav Troeim, has as of 19 June renewed an existing forward contract, reported 19 December 2002, with a new obligation to buy 60,000 shares in Golar LNG. The new forward contract becomes effective as of 18 December 2003 at a price of NOK 70.34 per share. In addition to the purchased position Mr. Troeim holds an option through the employee option program to purchase 100,000 shares in Golar LNG Ltd.
The Cooper Companies, Inc.
Cooper Announces Pricing of $100 Million of Convertible Senior Debentures
LAKE FOREST, Calif., June 20, 2003 (PRIMEZONE) -- The Cooper Companies, Inc. (NYSE:COO) announced today that it has agreed to sell $100 million of 2 5/8% convertible senior debentures due 2023. The debentures will be convertible, under certain conditions, into shares of Cooper's common stock at an initial conversion price of approximately $44.40 per share. Cooper has also granted the initial purchasers a 30-day option to purchase up to an additional $15 million of debentures.
Allied Irish Banks, p.l.c.
Allied Irish Banks, p.l.c. Purchase of Own Shares
DUBLIN, Ireland, June 20, 2003 (PRIMEZONE) -- Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) announces that on 19 June 2003, it purchased 1,805,000 of its ordinary shares, at an average price of 12.9678 Euro, to be held as treasury shares.