latest news releases from the newsroom
Washington Banking Company
Washington Banking Announces First Quarter 2009 Conference Call and Webcast
OAK HARBOR, Wash., April 2, 2009 (GLOBE NEWSWIRE) -- Washington Banking Company (Nasdaq:WBCO), the holding company for Whidbey Island Bank, announced today that it will report first quarter results after the market closes on Tuesday, April 21, 2009. Management will host a conference call on Wednesday, April 22 at 12:00 noon PDT (3:00 p.m. EDT) to discuss the results. The call will also be broadcast live via the internet.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Metavante Technologies, Inc.
NEW YORK, April 2, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Metavante Technologies ("Metavante" or the "Company") (NYSE:MV) arising out of their attempt to sell the Company to Fidelity National Information Services Inc. ("Fidelity") (NYSE:FIS). Under the terms of the agreement, shareholders of Metavante will receive 1.35 shares of Fidelity stock for every share they hold of Metavante. Based on the $16.88 closing price of Fidelity shares on April 1, 2009, the transaction values Metavante shares at approximately $22.78. The transaction appears to be unfair and undervalues the Company's shares that traded higher as recently as September 2008.
Northern Technologies International Corporation
Northern Technologies International Corporation Announces Oil & Gas Cathodic Protection Project in Vietnam
MINNEAPOLIS, April 2, 2009 (GLOBE NEWSWIRE) -- Northern Technologies International Corporation (Nasdaq:NTIC) today announced the signing of a contract between NTIC's joint venture operating in Vietnam and Vung Tau Petro JS to provide cathodic corrosion protection services for a jetty in Vung Tau, Vietnam. The contract, valued at about US$187,000, is for Phase I of the jetty construction project.