latest news releases from the newsroom
Old Mutual plc
Realignment of Pilgrim Baxter & Associates, Ltd. Within Old Mutual plc
LONDON, March 14, 2002 (PRIMEZONE) -- Old Mutual plc ("Old Mutual") (LSE:OML) today announced that it has agreed to restructure the residual 20% revenue share interests in its key US mutual fund business, Pilgrim Baxter & Associates, Ltd. ("Pilgrim Baxter"), through the payment of $175m plus an earn-out over five years if profits growth exceeds 7.5% per annum.
Nordea Board Proposes New Remuneration Scheme
STOCKHOLM, Sweden, March 14, 2002 (PRIMEZONE) -- A new stock option (warrants) programme comprising management and employees in Nordea will be proposed by the Board of Directors at the Annual General Meeting on 24 April 2002.
Nordea Annual General Meeting April 24
STOCKHOLM, Sweden, March 14, 2002 (PRIMEZONE) -- The Annual General Meeting of Nordea AB (publ) will be held on 24 April 2002 at 15.00 hours Swedish time at Aula Magna, Stockholm University. Shareholders can also participate in the Meeting via satellite broadcast at 16.00 hours Finnish time at the Finlandia Hall in Helsinki, and at 15.00 hours Danish time at Scandic Hotel Copenhagen.
Volvo Acquires Compaction Equipment Assets From SuperPac
STOCKHOLM, Sweden, March 14, 2002 (PRIMEZONE) -- Volvo Construction Equipment (Volvo CE) has acquired the compaction equipment assets from SuperPac Inc. Included are the exclusive manufacturing and product design rights to a range of 7 different soil compactors.
Development of the Proha Group Structure
HELSINKI, Finland, March 14, 2002 (PRIMEZONE) -- The Proha Board of Directors decided to continue to study various alternatives to develop the Group structure. The study continues to explore ways to increase the free float of Artemis shares in the US-markets and to strengthen the Nordic business operations. Demerger is not considered to be the most probable option and no demerger actions should be expected within the near future.
Telesis North Communications Inc.
Telesis Names Industry Veteran Bryan Hartley to Lead European Sales Expansion
TORONTO, March 14, 2002 (PRIMEZONE) -- Telesis (OTCBB:TNCVF) (CDNX:TNC), a developer and marketer of data acceleration software, announced today the appointment of Bryan G. Hartley as Business Development Manager, EMEA. Mr. Hartley will be responsible for further developing Telesis' business with wireless carriers and Internet Service Providers (ISPs) throughout Europe as well as the Middle East and Africa. Mr. Hartley will be located in the United Kingdom.
The Pomerantz Firm Charges Qwest Communications With Securities Fraud -- Q
NEW YORK, March 13, 2002 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has filed a class action on behalf of purchasers of the securities of Qwest Communications International, Inc. ("Qwest" or the "Company") (NYSE:Q) during the period from April 19, 2000 through February 13, 2002, inclusive (the "Class Period"). The case was filed in the United States District Court for the District of Colorado. Named as defendants are Qwest and certain of its senior officers.