latest news releases from the newsroom
Friendships Flourish in Denim and Aqua -- Inner Beauty is the One That Matters
NEW FAIRFIELD, Conn., Aug. 26, 2008 (GLOBE NEWSWIRE) -- Aqua, a timid, blue Russian kitten has always been afraid of Denim. Growing up, she saw how he barks furiously at people and animals alike. Like any other kitten, she always looked at Denim as the ferocious dog worthy of her fears. Her feelings changed when, unexpectedly, Denim saved her from bullying kittens and served as the most gentle, caring and thoughtful dog she has ever met.
United Online, Inc.
United Online, Inc. Successfully Completes the Acquisition of FTD Group, Inc. for Approximately $754 Million
WOODLAND HILLS, Calif., Aug. 26, 2008 (GLOBE NEWSWIRE) -- United Online, Inc. (Nasdaq:UNTD), a leading provider of consumer products and services over the Internet, today announced that it has successfully completed the acquisition of FTD Group, Inc. ("FTD") for $10.15 in cash and 0.4087 of a share of United Online common stock for each share of FTD common stock, for a total value of $14.62 per share of FTD common stock based on United Online's closing stock price of $10.93 on August 26, 2008. The total consideration to FTD stockholders will be approximately $441 million, consisting of approximately $307 million in cash and approximately 12.3 million shares of United Online common stock. The remaining purchase price consists of repayment of FTD indebtedness and expenses incurred in connection with the transaction. As a result of the transaction, former FTD stockholders own approximately 15% of United Online.
SBA Communications Corporation
SBA Communications Corporation Announces New Chief Financial Officer
BOCA RATON, Fla., Aug. 26, 2008 (GLOBE NEWSWIRE) -- SBA Communications Corporation (Nasdaq:SBAC) ("SBA" or the "Company") today announced it has appointed Brendan Cavanagh, the Company's Vice President and Chief Accounting Officer, to Senior Vice President and Chief Financial Officer. Mr. Cavanagh succeeds Anthony Macaione, Senior Vice President and Chief Financial Officer, who has resigned to pursue other opportunities. The effective date of Mr. Macaione's resignation and Mr. Cavanagh's appointment is September 12, 2008. In addition, Brian Lazarus, SBA's Corporate Controller, has been appointed Vice President and Chief Accounting Officer to succeed Mr. Cavanagh.
Orion Marine Group, Inc.
Orion Marine Group Announces a Contract Award of $30.5 Million
HOUSTON, Aug. 26, 2008 (GLOBE NEWSWIRE) -- Orion Marine Group, Inc. (the "Company") (Nasdaq:OMGI), a leading marine contractor serving the heavy civil marine infrastructure sector, today announced a contract award of $30.5 million.
Mr. Quan Joins MHB as Its New CEO
MONTREAL, Aug. 26, 2008 (GLOBE NEWSWIRE) -- MHB, a Montreal based Biotechnology Company, announced changes in senior management today. Mr. Jacky Quan, a businessman with extensive experience in the health care industry has assumed the position of CEO effective immediately. Mr. Quan joins MHB with experience across several industries where he played roles including founder, director and board member. Mr. Quan said, "I am delighted to join MHB and hope to lead this scientifically-driven company to new heights. MHB's contracts over the past 2 1/2 years have shown its innovation and competitiveness. We hope to develop new clients beyond North America and Europe where our base has been strong. Our goal continues to be focused on advancing the discovery, development and production of promising plant-based products for the pharmaceutical, cosmetic and nutraceutical industries. I understand that a strong advisory board is necessary in moving the company forward and that this will be in place quickly. We are grateful to all the investors who supported MHB in the past and look forward to increasing the investor base."
Ambassadors Group, Inc
Ambassadors Group Declares Quarterly Dividend
SPOKANE, Wash., Aug. 26, 2008 (GLOBE NEWSWIRE) -- Ambassadors Group, Inc. (Nasdaq:EPAX) ("Company"), a leading provider of educational travel experiences, announced today that its board of directors declared a quarterly dividend of $0.115 per share, which will be paid on September 23, 2008 to all common shareholders of record on September 9, 2008. The Company's board of directors continually reviews the Company's dividend policy to ensure compliance with capital requirements, regulatory limitations, the Company's financial position and other conditions, which may affect the Company's desire or ability to pay dividends in the future.