latest news releases from the newsroom
Asian American Legal Defense and Education Fund Honors Sempra Energy's Javade Chaudhri
SAN DIEGO, Feb. 27, 2007 (PRIME NEWSWIRE) -- The Asian American Legal Defense and Education Fund (AALDEF) has honored Sempra Energy's executive vice president and general counsel, Javade Chaudhri, with the organization's 2007 Justice in Action Award. The Justice in Action Awards recognize exceptional individuals for their outstanding achievements and contributions in advancing justice and equality.
Solutia Reaches Definitive Agreement to Purchase Akzo Nobel's 50 Percent Stake in Flexsys Joint Venture
ST. LOUIS, Feb. 27, 2007 (PRIME NEWSWIRE) -- Solutia Inc. (OTCBB: SOLUQ), a leading manufacturer and provider of interlayers for laminated glass, aftermarket window films, specialty chemicals and an integrated family of nylon products, today announced it has reached a definitive agreement to purchase Akzo Nobel N.V.'s stake in Flexsys, the 50%/50% rubber chemicals joint venture between Akzo Nobel and Solutia. Solutia and Akzo Nobel have entered into a letter agreement committing the parties to execute the definitive agreement upon completion of consultation with Dutch employee works council representatives. The parties are moving forward to obtain the required approval of the United States Bankruptcy Court before which Solutia's Chapter 11 proceedings are pending, the receipt of required regulatory approvals, finalizing the definitive purchase agreement for Akzo Nobel's Crystex business in Japan and the fulfillment of other customary closing conditions.
Baron & Budd
Investor Alert: Update on Proposed Acquisition of Winston Hotels, Inc.
DALLAS, Feb. 27, 2007 (PRIME NEWSWIRE) -- On February 21, 2007, Winston Hotels, Inc. entered into a definitive agreement and plan of merger with Wilbur Acquisition Holding Company, LLC for $14.10 per share. The price per share offered by Wilber Acquisition represented just 2.3% more than the stock's closing price prior to the deal's announcement.