latest news releases from the newsroom
Solutia Reaches Definitive Agreement to Purchase Akzo Nobel's 50 Percent Stake in Flexsys Joint Venture
ST. LOUIS, Feb. 27, 2007 (PRIME NEWSWIRE) -- Solutia Inc. (OTCBB: SOLUQ), a leading manufacturer and provider of interlayers for laminated glass, aftermarket window films, specialty chemicals and an integrated family of nylon products, today announced it has reached a definitive agreement to purchase Akzo Nobel N.V.'s stake in Flexsys, the 50%/50% rubber chemicals joint venture between Akzo Nobel and Solutia. Solutia and Akzo Nobel have entered into a letter agreement committing the parties to execute the definitive agreement upon completion of consultation with Dutch employee works council representatives. The parties are moving forward to obtain the required approval of the United States Bankruptcy Court before which Solutia's Chapter 11 proceedings are pending, the receipt of required regulatory approvals, finalizing the definitive purchase agreement for Akzo Nobel's Crystex business in Japan and the fulfillment of other customary closing conditions.
Baron & Budd
Investor Alert: Update on Proposed Acquisition of Winston Hotels, Inc.
DALLAS, Feb. 27, 2007 (PRIME NEWSWIRE) -- On February 21, 2007, Winston Hotels, Inc. entered into a definitive agreement and plan of merger with Wilbur Acquisition Holding Company, LLC for $14.10 per share. The price per share offered by Wilber Acquisition represented just 2.3% more than the stock's closing price prior to the deal's announcement.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces First Quarter 2007 Dividend
VALDOSTA, Ga., Feb. 27, 2007 (PRIME NEWSWIRE) -- On Tuesday, February 27, 2007, the Board of Directors for PAB Bankshares, Inc. (Nasdaq:PABK) approved a quarterly dividend in the amount of 14.5 cents ($0.145) per share payable on April 13, 2007 to the Company's stockholders of record as of March 30, 2007. The first quarter 2007 dividend represents a 3.6% increase compared to the 14 cents ($0.14) per share dividend paid in the previous quarter and a 16% increase compared to the 12.5 cents ($0.125) per share dividend paid for the first quarter of 2006.
Wireless Age Communications
Wireless Age Announces Investor Conference Call
TORONTO, Feb. 27, 2007 (PRIME NEWSWIRE) -- Wireless Age Communications Inc. (OTCBB:WLSA), a leading supplier of solutions to the Canadian wireless communications industry, announced today it will host an investor conference call with Wireless Age's Chairman and CEO, John Simmonds. The conference call will be held at 4:15 p.m. Eastern Standard Time on Wednesday, February 28, 2007.