latest news releases from the newsroom
Penn's Landing Corporation
What's New at the Blue Cross RiverRink Winter 2003
PHILADELPHIA, Nov. 19, 2003 (PRIMEZONE) -- Celebrating the Blue Cross RiverRink's 10th Anniversary Season, many NEW events have been added. In addition to special activities taking place at least once a month from November through February, there will be a live DJ every Friday and Saturday night, from 9 p.m. until 12 midnight and children's activities every weekend with FREE face painting or crafts.
Millennium Chemicals Prices $125 Million of Convertible Senior Debentures
HUNT VALLEY, Md., Nov. 19, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") today announced that it had priced its offering of $125 million principal amount of 4% convertible senior debentures due 2023, plus up to an additional $25 million of debentures that may be issued at the option of the initial purchasers. The debentures will pay interest semi-annually. Holders may convert their debentures into shares of Millennium common stock at a conversion price of $13.63 per share, equivalent to a conversion rate of 73.3568 shares per $1,000 principal amount of debentures, subject to adjustment. The conversion privilege may be exercised during any fiscal quarter if the closing price of the common stock on a specified number of days in the prior quarter is greater than $17.04 per share, which is 125% of the conversion price, or under certain other limited circumstances. The debentures will rank equal in right of payment with all of Millennium's existing and future senior unsecured indebtedness and will be effectively subordinated to all existing and future liabilities of Millennium's subsidiaries other than Millennium America Inc., which is guaranteeing payments on the debentures.
Northrop Grumman Corp.
Photo Release -- Northrop Grumman Employees Help Identify USS Monitor Artifacts
NEWPORT NEWS, Va., Nov. 19, 2003 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) employees recently provided X-ray services to identify artifacts recovered from the wreck of the USS Monitor. Northrop Grumman's Newport News sector provided the service at the request of conservators from The Mariners' Museum to help identify a dozen small artifacts recovered from the Civil War ironclad, which sank off the coast of Cape Hatteras, N.C. in 1862 and is now protected by a national marine sanctuary managed by the National Oceanic and Atmospheric Administration (NOAA).