latest news releases from the newsroom
Nidec Announces Tender Offer for Shares of Brilliant Manufacturing Limited, Singapore
KYOTO, Japan, Nov. 29, 2006 (PRIME NEWSWIRE) -- Nidec Corporation (the "Company") (NYSE:NJ) announced today that its Board of Directors has resolved to acquire 466,133,000 shares of common stock and subscription rights for 150,000 new shares in Brilliant Manufacturing Limited ("Brilliant" or "Offeree") in Singapore by way of tender offer (the "Tender Offer"). A separate announcement associated with this Tender Offer is also planned in Singapore today pursuant to the nation's relevant regulations. This Tender Offer has been also approved by the Board of Directors of Brilliant today and supported by its founding family, Brilliant's largest shareholder due to tender 247,192,000 shares, or 53.03%, of Brilliant's total outstanding shares in this Tender Offer. Upon completion of the Tender Offer, Brilliant is expected to become a consolidated subsidiary of the Company.
Speedel Holds Annual R&D Day
BASEL, Switzerland and BRIDGEWATER, N.J., Nov. 29, 2006 (PRIME NEWSWIRE) -- Speedel (SWX:SPPN) today holds its annual Research & Development Day. The event is being held in Basel, and attended by over 40 investors, analysts and media. The programme highlights Speedel's achievement in building a mature and diverse pipeline across three modes of action, targeting therapeutic areas with significant unmet medical need and high commercial potential.
Converium Holding AG
Converium Holding AG: Executive Vice President Benjamin Gentsch Today Addresses KBW's European Insurance Conference
ZUG, Switzerland, Nov. 29, 2006 (PRIME NEWSWIRE) -- Benjamin Gentsch, Executive Vice President of Converium, today addresses KBW's European Insurance Conference in London. His presentation will focus on Converium as a viable alternative in the global reinsurance market. Benjamin Gentsch will highlight Converium's strong year-to-date financial performance, the agreed sale of the Company's North American operations and the good prospects for a near-term improvement of Converium's financial strengths ratings. He will also report on the ongoing year-end renewals and the strong support Converium is experiencing from clients.
Sparrowtech Resources, Inc.
Sparrowtech Announces Proposed Acquisition of Tazza Espresso Bar & Cafe
TORONTO, Nov. 28, 2006 (PRIME NEWSWIRE) -- Cornelia Volino, the Chief Executive Officer and President of Sparrowtech Multimedia Corporation ("Sparrowtech") (Pink Sheets:SPMC) today announced that effective November 22, 2006, the Company entered into a Letter of Intent with 1542744 Ontario Inc., a Canada corporation, to acquire all of the assets of its Tazza Espresso Bar & Cafe located at Unit 9, 5100 Rutherford Road, Woodbridge, Ontario, Canada ("Tazza").
Overseas Shipholding Group, Inc.
Overseas Shipholding Group Acquires Maritrans
TAMPA, Fla. and NEW YORK, Nov. 28, 2006 (PRIME NEWSWIRE) -- Overseas Shipholding Group, Inc. (NYSE:OSG) and Maritrans Inc. (NYSE:TUG) jointly announced today that OSG has completed the acquisition of Maritrans Inc., a leading U.S. Flag crude oil and petroleum product shipping company that owns and operates one of the largest fleets of double hull Jones Act vessels serving the East and U.S. Gulf coastwise trades. The acquisition was made pursuant to the definitive merger agreement between the companies announced on September 25, 2006.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces Fourth Quarter 2006 Dividend
VALDOSTA, Ga., Nov. 28, 2006 (PRIME NEWSWIRE) -- On Tuesday, November 28, 2006, the Board of Directors for PAB Bankshares, Inc. (Nasdaq:PABK) approved a quarterly dividend in the amount of 14 cents ($0.14) per share payable on January 12, 2007 to the Company's stockholders of record as of December 29, 2006. The fourth quarter 2006 dividend represents a 12% increase compared to the 12.5 cents ($0.125) per share dividend paid for the fourth quarter of 2005.
Jiffy Lube of Indiana
Jiffy Lube of Indiana Tells How to Prepare for Winter Driving
INDIANANPOLIS, Nov. 28, 2006 (PRIME NEWSWIRE) -- Now is the perfect time to prepare for winter driving. Jiffy Lube of Indiana offers drivers the top five ways to get set for winter weather. From proper tire inflation to windshield wipers to essential engine fluids, vehicle maintenance is vital during the colder months in particular.
Imaging3 Unveils the Dominion's Real-Time, 3D Imaging to Medical Imaging Professionals at 92nd Annual Scientific Assembly
BURBANK, Calif. and CHICAGO, Nov. 28, 2006 (PRIME NEWSWIRE) -- Imaging3(tm), Inc., (OTCBB:IMGG), developer of a breakthrough medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time, this week unveiled the highly anticipated prototype of the Dominion(tm) at the Radiological Society of North America (RSNA) 92nd Scientific Assembly and Annual Meeting in Chicago, IL. The company also previewed images generated by the real-time 3D imaging device.