latest news releases from the newsroom
Layne Christensen Company
Layne Christensen Company Acquires Water and Wastewater Treatment Technologies With SolmeteX
MISSION WOODS, Kan., Dec. 6, 2007 (PRIME NEWSWIRE) -- Layne Christensen Company (Nasdaq:LAYN) has formally announced the acquisition of SolmeteX, a Northborough, Massachusetts-based company founded in 1994. SolmeteX is a developer of specialized chemistries and processes for the cost-effective removal of regulated toxins from both drinking water and wastewater. SolmeteX owns several proprietary technologies, including its Hg5-series of amalgam separators for mercury removal and the npXtra suite for the removal of arsenic and uranium. SolmeteX is the nationally recognized leader in the treatment of dental wastewater containing the neurotoxin mercury. The purchase price for the acquisition was $13,500,000 in cash and the acquisition is anticipated to be accretive in fiscal 2009, net of the research and development effort acquired with the business.
Pacific Sunwear of California, Inc.
Pacific Sunwear Announces November Sales
ANAHEIM, Calif., Dec. 6, 2007 (PRIME NEWSWIRE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) today reported that total Company sales for the four weeks of fiscal November ended December 1, 2007 were $120.9 million, an increase of 3.6 percent over total sales of $116.6 million during the same four week period ended December 2, 2006. By concept, PacSun total sales were $109.9 million, an increase of 7.6 percent over total sales of $102.1 million during the same four week period last year. demo total sales were $10.0 million, a decrease of 27.3 percent from total sales of $13.8 million during the same four week period last year.
AMERCO / U-Haul
AMERCO Announces Common Stock Repurchase Plan
RENO, Nev., Dec. 6, 2007 (PRIME NEWSWIRE) -- AMERCO (Nasdaq:UHAL), the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Republic Western Insurance Company and Amerco Real Estate Company, announced today that its Board of Directors has authorized the Company to repurchase up to $50 million of its common stock. The stock may be repurchased by the Company from time to time between December 5, 2007 and December 31, 2008. As of September 30, 2007, AMERCO had 20,059,314 shares of common stock outstanding.