latest news releases from the newsroom
Galapagos Declares the Offer for BioFocus Unconditional as to Acceptances
MECHELEN, Belgium, Oct. 13, 2005 (PRIMEZONE) -- Galapagos (Euronext Brussels: GLPG) (Euronext Amsterdam - GLPGA) announces that on October 12, valid acceptances had been received for 12,552,464 BioFocus shares, representing approximately 76.9% of the issued share capital of BioFocus plc. Based on this acceptance level, the Board of Galapagos has declared the offer unconditional as to acceptances."We are very pleased with this acceptance level and look forward to realizing the synergies of the enlarged group", said Onno van de Stolpe, Chief Executive Officer of Galapagos. "In our opinion, the acceptance level of the offer, combined with the favourable reaction of the financial markets and analysts, are a strong endorsement for the strategic rationale to combine the two companies and create an integrated drug discovery engine."
Nomination Procedure Ahead of Industrivarden's 2006 Annual General Meeting
STOCKHOLM, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Industrivarden's 2005 Annual General Meeting resolved to authorize the Chairman of the Board to appoint at least four members from among the major shareholders' representatives, who are not directors on Industrivarden's board, to form with the Chairman a nomi-nating committee for the next election of directors.
Precise Biometrics AB
Precise Biometrics Acquires Remaining Shares in Loqware Sweden AB
LUND, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Precise Biometrics AB (publ), which develops and markets world-leading, user-friendly biometric security solutions based on fingerprint recognition and smart cards, is now acquiring the remaining 6 % of shares in the Swedish company Loqware Sweden AB. Payment comprises a new issue of shares in Precise Biometrics.At the beginning of August, Precise Biometrics acquired 94 % of the shares in Loqware Sweden AB from its principal owner Lars Grundin. The remaining shares were owned by ten or so private individuals, who were invited to sell their shares subject to the same terms and conditions as Lars Grundin. For each holding of 50,000 shares in Loqware Sweden AB, the shareholders were offered remuneration comprising 3,750 shares in Precise Biometrics AB. Now that all shareholders have chosen to sell shares for payment in shares in Precise Biometrics, there will be a new issue of 71,250 shares in Precise Biometrics, which equates to approximately SEK 580,000. The new share issue will be undertaken within the framework of the authority granted by the annual general meeting back in the spring.
Innovation Award to Volvo Penta IPS
GOTEBORG, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Volvo Penta IPS was awarded ``The Best Technological Innovation Trophy" at the international boat show currently being held in Genoa, Italy.
Atlas Copco to Acquire Compressed Air Treatment Company in the United States
STOCKHOLM, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Atlas Copco North America Inc. has signed an agreement to acquire Pneumatech Inc. and ConservAIR Technologies Company LLP, of the United States. The companies have a consolidated turnover of approximately MSEK 140 (MUSD 18) and 175 employees. The expected closing date of the acquisition is October 31, 2005.
Skanska to Manage School Construction in Orlando for USD 43 M, SEK 315 M
STOCKHOLM, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Skanska has been awarded the construction management contract for a high school in Orlando, Florida. The contract is valued at a total of approximately USD 58 M, of which Skanska's portion is USD 43 M, corresponding to SEK 315 M, which has been included in order bookings for the third quarter. The customer is Orange County Public Schools.
Scania at RAI in Amsterdam: The New Powertrains och and the Driver in Focus
SODERTALJE, Sweden, Oct. 13, 2005 (PRIMEZONE) -- Scania's new powertrains are in focus at the RAI exhibition. News from Scania includes a full range of Euro 4 engines and a couple of Euro 5 engines tailored to the needs of international long-haulage operators. Together with a new generation of gearboxes, this enables customers to optimise powertrains for any type of transport. Scania's latest offer in Fleet Management is also being demonstrated, including new services aimed at connecting driver and vehicle to any transport management system in the office. Scania continues to profile its commitment as a full service provider to customers. Drivers are strongly in focus -- not least during the 'Driver weekend' 15-16 Oct.
JetBlue Airways Corporation
JetBlue Airways Restates 2005 Financial Statements
NEW YORK, Oct. 12, 2005 (PRIMEZONE) -- JetBlue Airways Corporation (Nasdaq:JBLU) today filed amendments to its first quarter and second quarter 2005 Form 10-Qs to restate its consolidated financial statements and other financial information contained in those reports with respect to its accounting for 1) rent expense under operating leases for certain airport properties containing provisions with minimum rent escalations, 2) depreciation expense for leasehold improvements with respect to certain airport locations and other facilities, and 3) the inadvertent recognition of passenger revenue related to unpaid ticket reservations. As a result, for the six months ended June 30, 2005, net income increased $0.3 million and diluted earnings per share increased one cent to 18 cents.