latest news releases from the newsroom
New Head of Skanska BOT
STOCKHOLM, Sweden, Dec. 2, 2004 (PRIMEZONE) -- Simon Hipperson has been appointed the new President of Skanska BOT. He succeeds Bert-Ove Johansson, who will assume responsibility for the Group's new Staff Purchasing unit.
Skanska Strengthens Focus on Coordinated Purchasing by Forming New Group Staff Unit
STOCKHOLM, Sweden, Dec. 2, 2004 (PRIMEZONE) -- Skanska is forming a new central unit to coordinate the Group's purchasing activities. The Group Staff Purchasing unit's aim is to better capitalize on the economies of scale and synergy potentials provided by Skanska's large purchasing volumes. Purchased goods and services comprise about two thirds of the Group's sales.
Artimplant Partners With Avanta for Sales of Artelon CMC-I Spacer
STOCKHOLM, Sweden, Dec. 2, 2004 (PRIMEZONE) -- Artimplant, a Swedish biomaterials and orthobiologics company, and Avanta Orthopedics, a leader in the small joint market specialized in hand surgery, are pleased to announce the closing of a global license, supply and distribution agreement for Artimplant's Artelon(r) CMC-I Spacer, a biological implant for treating arthritis in the base of the thumb. The agreement is application specific. For Artimplant, total revenues from license fee, product sales to Avanta Orthopedics and royalties are estimated to amount to at least SEK 60 million over the next five years.
AB Volvo repurchase 250,000 B shares
GOTEBORG, Sweden, Dec. 2, 2004 (PRIMEZONE) -- Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Wednesday, December 1, acquired 250,000 series B shares. The shares were traded between SEK 273.00 and 274.50 with an average price of SEK 273.52.
Powerwave Technologies Announces Exercise of Option to Purchase Additional Convertible Notes
SANTA ANA, Calif., Dec. 1, 2004 (PRIMEZONE) -- Powerwave Technologies, Inc. (Nasdaq:PWAV) today announced that the initial purchaser in Powerwave's recent private placement of $150 million of convertible subordinated notes due November 2024 exercised its right, in full, to purchase an additional $50 million of notes. Powerwave expects to use the net proceeds from the exercise of this option to increase financial flexibility for possible future acquisitions and for general corporate purposes. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security. The notes have not been registered under the Securities Act of 1933 or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.