latest news releases from the newsroom
Himax Technologies, Inc.
Himax Announces Settlement of Shareholder Class Action
TAINAN, Taiwan, Jan. 22, 2009 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. ("Himax" or "Company") (Nasdaq:HIMX) today announced that it has entered into a formal stipulation of settlement to settle a shareholder class action lawsuit pending against it and various officers and directors in the Central District of California (Los Angeles). The lawsuit was originally filed in July 2007. It asserts various securities claims on behalf of persons who purchased the securities of Himax pursuant to, or traceable to, Himax's initial public offering in March 2006. If approved, the settlement will result in a dismissal of all claims against the Company and other defendants. In entering into the stipulation, the defendants explicitly denied any liability or wrongdoing of any kind. The amount of the settlement is US$1.2 million, which will be paid by Himax's insurance carrier.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Interwoven, Inc.
NEW YORK, Jan. 22, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Interwoven, Inc. ("Interwoven" or the "Company") (Nasdaq:IWOV) arising out of their attempt to sell the Company to Autonomy Corporation plc. Under the terms of the agreement, shareholders of Interwoven will receive $16.20 cash for each share of Interwoven they own. The transaction is unfair, given that, among other things, the Company's shares traded above $16 per share as recently as August 2008 and the Company reported significant earnings per share improvement and a 90.5% increase in net income in the most recent quarter as compared to the same quarter last year. Also, the sales process the Company conducted was flawed given that, in contravention of their fiduciary duties to maximize shareholder value, the Company's Board agreed to a "no-solicitation" provision and a $25 million termination fee which will ensure no superior offer will ever be forthcoming. The proposed acquisition is subject to customary conditions and regulatory approvals.
Salamon Group Inc.
Salamon Group, Inc. Announces Debt Settlements
VANCOUVER, British Columbia, Jan. 22, 2009 (GLOBE NEWSWIRE) -- Salamon Group, Inc. ("Salamon Group") (OTCBB:SLMU) has entered into debt settlement agreements with Space Globe Technologies Ltd. ("Space Globe") dated November 8, 2008 and January 9, 2009, and issued shares to Space Globe in settlement of outstanding debt owed by Salamon Group to Space Globe. Pursuant to a debt settlement agreement dated November 8, 2008, Salamon Group issued to Space Globe 869,050 shares of common stock (Form S-8) of Salamon Group at the fair market value of $0.02 per share to settle a debt of US$17,381 owing to Space Globe. Pursuant to a debt settlement agreement dated January 9, 2009, Salamon Group issued to Space Globe 200,000 shares of common stock (Form S-8) of Salamon Group at the fair market value of $0.03 per share to settle a debt of US$6,000 owing to Space Globe. Space Globe is a company owned by John Salamon, sole director and officer of Salamon Group.
Animal Health International, Inc.
Animal Health International, Inc. Announces Its Second Quarter Fiscal Year 2009 Earnings Release Date and Conference Call Information
WESTLAKE, Texas, Jan. 22, 2009 (GLOBE NEWSWIRE) -- Animal Health International, Inc. (Nasdaq:AHII) announced today that the Company will release financial results for its fiscal year 2009 second quarter ended December 31, 2008 on Thursday, February 5, 2009. Animal Health International, Inc. will host a conference call the same day at 10:00 a.m. Eastern Standard Time to discuss these results and its business outlook.
Tufco Technologies, Inc.
Tufco Technologies, Inc. Announces Increase and Extension in Stock Repurchase Program
GREEN BAY, Wis., Jan. 22, 2009 (GLOBE NEWSWIRE) -- Tufco Technologies, Inc. (Nasdaq:TFCO), a leader in providing diversified contract wet and dry wipes converting and printing, as well as wide web flexographic specialty printing services and business imaging products, today announced that its Board of Directors has approved an extension of its February 2008 stock repurchase program through September 2009 and an increase in the number of shares from 200,000 to 300,000. The program calls for open market stock repurchases at prevailing market prices. The Board concluded that the Company's cash and debt position would enable these purchases without impairment to the Company's capital.