latest news releases from the newsroom
Achillion Pharmaceuticals, Inc.
Achillion Enters $15 Million Standby Equity Distribution Agreement
NEW HAVEN, Conn., July 6, 2009 (GLOBE NEWSWIRE) -- Achillion Pharmaceuticals, Inc. (Nasdaq:ACHN), a leader in the discovery and development of small molecule drugs to combat the most challenging infectious diseases, today announced that it has entered into a standby equity distribution agreement ("SEDA") with YA Global Master SPV, Ltd, a fund managed by Yorkville Advisors ("YA"), whereby Achillion has the option, at its sole discretion, to sell up to $15 million of common stock to YA.
The Children's Place, Inc.
The Children's Place Retail Stores Highlights Current Board and Management's Proven Track Record of Creating Stockholder Value
SECAUCUS, N.J., July 6, 2009 (GLOBE NEWSWIRE) -- The Children's Place Retail Stores, Inc. (Nasdaq:PLCE) sent a letter to stockholders citing positive analyst comments about the Company's performance over the past 21 months and urging support of its three highly qualified and independent incumbent directors up for election at the Company's 2009 Annual Meeting of Stockholders on July 31, 2009. The Children's Place urges stockholders to vote FOR Sally Frame Kasaks, Malcolm Elvey, and Norman Matthews on the WHITE proxy card - and to reject the three hand-picked nominees of former Chairman and CEO Ezra Dabah. Since Mr. Dabah and his father-in-law Stanley Silverstein are existing members of the Board, election of Mr. Dabah's three hand-picked nominees would result in his designation of five of nine directors - the majority of the Board - and de facto control of the Company.
Crown Crafts, Inc.
Crown Crafts, Inc. Acquires the Assets of Neat Solutions, Inc., Developer of the Table Topper(r); Acquisition to Provide Expansion of Toddler Products Line
GONZALES, La., July 6, 2009 (GLOBE NEWSWIRE) -- Crown Crafts, Inc. (the "Company") (Nasdaq:CRWS) today announced the acquisition, through its wholly-owned subsidiary, Hamco, Inc., of substantially all of the assets of Neat Solutions, Inc., the privately-held developer of the Table Topper(r) Stay-in-Place Mat(r).