latest news releases from the newsroom
ATA Airlines, Inc.
Global Aero Logistics Announces Agreement to Acquire World Air Holdings
INDIANAPOLIS, April 5, 2007 (PRIME NEWSWIRE) -- Global Aero Logistics Inc. today announced that it has reached a definitive agreement to acquire World Air Holdings, Inc. for $315 million in an all-cash transaction. The Boards of both Global Aero Logistics and World have unanimously approved the transaction. Under the terms of the agreement, World's stockholders will receive $12.50 per share in cash. This share price represents a 56% premium to the average closing price for the 30 trading days prior to World's announcement of its strategic review process on September 5, 2006.
Discovery Laboratories, Inc.
Discovery Labs Announces Completion of $30 Million Registered Direct Offering
WARRINGTON, Pa., April 5, 2007 (PRIME NEWSWIRE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO) has completed its previously announced registered direct offering of 14,050,000 shares of its common stock. The shares were issued and sold to a select group of institutional investors at a price of $2.15 per share resulting in gross proceeds of $30.2 million. Jefferies & Company, Inc. acted as lead placement agent and Lazard Capital Markets LLC served as co-placement agent for the transaction.
HCC Insurance Holdings, Inc.
HCC Notes Meet Criteria for Conversion in Second Quarter
HOUSTON, April 5, 2007 (PRIME NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) is issuing this release under the required notice provisions of its convertible notes. Based upon its share performance during the first quarter 2007, its originally issued and exchanged 2.00% Convertible Notes due 2021 and its 1.30% Convertible Notes due 2023 (collectively, the "Notes") are available for conversion under the terms of their respective Indentures during the second quarter 2007.