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Transmeridian Exploration, Inc.
Transmeridian Exploration Announces Definitive Agreement For Sale of Company
HOUSTON, Dec. 31, 2007 (PRIME NEWSWIRE) -- Transmeridian Exploration Incorporated (AMEX:TMY) today announced that the Company and Trans Meridian International, Inc., a British Virgin Islands company formed by the Company's Chairman and Chief Executive Officer Lorrie T. Olivier ("TMI"), have entered into a definitive merger agreement pursuant to which TMI, through a wholly owned subsidiary, will commence a tender offer to purchase all of the Company's outstanding shares of common stock for a price of $3.00 per share, payable net to the seller in cash. The purpose of the tender offer is to acquire for cash as many outstanding shares as possible of the Company's common stock as a first step in a "going private" transaction resulting in TMI acquiring the entire equity interest in the Company. If the transaction is completed, TMI contemplates that the shares of the Company's common stock would be delisted from trading on the AMEX and deregistered with the Securities and Exchange Commission.
QLogic Executives to Present At Needham & Company Growth Stock Conference
ALISO VIEJO, Calif., Dec. 31, 2007 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced that H.K. Desai, chief executive officer, and Tony Massetti, senior vice president and chief financial officer, will present at the 10th Annual Needham & Company Growth Stock Conference on Wednesday, January 9, 2008 at 8 a.m. Eastern Time in New York City. The conference will be held at The New York Palace Hotel.
ANSYS CEO to Present At Tenth Annual Needham & Company Growth Conference
SOUTHPOINTE, Pa., Dec. 31, 2007 (PRIME NEWSWIRE) -- ANSYS, Inc. (Nasdaq:ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, announced today that James E. Cashman III, President and Chief Executive Officer of ANSYS, Inc., will present a company overview at the Tenth Annual Needham & Company Growth Conference in New York, New York on Wednesday, January 9, 2008, at 11:30 am Eastern Time. A live audio web cast and seven day archive will be available at http://www.ansys.com/corporate/investors.asp.