latest news releases from the newsroom
More Than Just a Theory -- New Book Introduces Theories On Space, Time, and Matter
CARMEL VALLEY, Calif., Feb. 25, 2009 (GLOBE NEWSWIRE) -- Theories are ideas that claim truths about certain issues. Unlike verified scientific information, theories are highly contested and are tentatively accepted because they are yet to be confirmed. Author Kai Woehler's book, The Search for the Meaning of Space, Time, and Matter sets itself apart from other theory books in that it offers a variety of scientific topics that are subjects of today's debates. Celebrate the amazing capacity of the human mind as Woehler's work quenches your thirst for a truly informative read.
Wolverine Tube Inc.
Wolverine Tube, Inc. Announces Exchange Offer and Consent Solicitation Relating to its 10 1/2 % Senior Notes Due 2009
HUNTSVILLE, AL, Feb. 25 -- Wolverine Tube, Inc. ("Wolverine Tube") announced today the commencement of an offer (the "Exchange Offer") to each of the holders of its 10-1/2% Senior Notes due 2009 (CUSIP No. 978093AE2) (the "Existing Notes") to exchange, for each $1,000 in principal amount of Existing Notes tendered, at the holder's option, either (A) $1,000 in principal amount of Wolverine Tube's 10% Senior Secured Notes due 2012 (the "New Notes") and a cash exchange fee equal to 2.0% of the principal amount of the New Notes issued to such holder (the "Notes Option") or (B)(i) not more than $850 in principal amount of New Notes, (ii) a cash payment of not less than $150 (the "Cash Consideration"), and (iii) a cash exchange fee equal to 2.0% of the principal amount of the New Notes issued to such holder (the "Cash Option"). In the event that all holders of the Existing Notes elect the Cash Option, then each holder will receive, for each $1,000 in principal of Existing Notes tendered, (i) $850 in principal amount of New Notes, (ii) Cash Consideration of $150, and (iii) a cash exchange fee equal to 2.0% of the principal amount of the New Notes issued to such holder. To the extent, however, that any of the holders of Existing Notes elect the Notes Option ("Note Option Holders"), then the Cash Consideration that would have been paid to such Note Option Holders shall instead be paid to the holders who elect the Cash Option ("Cash Option Holders"), pro rata in accordance with the principal amount of Existing Notes tendered by such Cash Option Holders, with a corresponding reduction in the principal amount of New Notes to be issued to such Cash Option Holders (provided that in no event will the Cash Option Holders be entitled to receive, for each $1,000 of principal amount of Existing Notes tendered, a principal amount of New Notes and Cash Consideration that exceeds $1,000). The Notes Option and the Cash Option are collectively referred to as the "Exchange Offer Consideration." In addition, holders who validly tender and do not withdraw their Existing Notes in the Exchange Offer will be paid accrued and unpaid interest from the most recent interest payment date for the Existing Notes up to, but not including, the date on which payment of the Exchange Offer Consideration is made.
Pacific Sunwear of California, Inc.
Pacific Sunwear to Webcast Conference Call Discussing Fourth Quarter and Year End 2008 Financial Results
ANAHEIM, Calif., Feb. 25, 2009 (GLOBE NEWSWIRE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) plans to announce on Thursday, March 12, 2009, its financial results for the fourth quarter and year end 2008, which ended January 31, 2009. The Company plans to issue a news release that day at approximately 4:00 p.m. Eastern time, immediately following the closing of regular stock market trading hours. Following the news release, Pacific Sunwear management will host a conference call beginning at 4:45 p.m. Eastern time to review the results.
Nalco Holding Company Files Annual Report On Form 10-K
NAPERVILLE, Ill., Feb. 25, 2009 (GLOBE NEWSWIRE) -- Nalco Company (NYSE:NLC), the global leader in water, energy, air and process technologies and services that deliver savings for customers and improve the environment, announced today it filed its Form 10-K Annual Report with the United States Securities and Exchange Commission (SEC) for the year ended Dec. 31, 2008.
Toll Brothers, Inc.
Toll Brothers' March 9, 2009 Presentation At The Raymond James' 30th Annual Institutional Investors Conference to be Webcast Live
HORSHAM, Pa., Feb. 25, 2009 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, will make a presentation to the investment community via live audio webcast at The Raymond James' 30th Annual Institutional Investors Conference on Monday, March 9, 2009 at 8:40 a.m. EDT.
First Citizens BancShares Inc.
Photo Release -- First Citizens BancShares Announces Executive Management Changes
RALEIGH, N.C., Feb. 25, 2009 (GLOBE NEWSWIRE) -- First Citizens BancShares Inc. (Nasdaq:FCNCA) today announced that Lewis R. Holding has relinquished his role as Chairman of BancShares and its First Citizens Bank and IronStone Bank subsidiaries and has retired from the Boards of Directors of each company. He has also retired as Chief Executive Officer of IronStone Bank. Lewis R. Holding has served in major leadership roles at First Citizens since 1957.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of CF Industries Holdings, Inc.
NEW YORK, Feb. 25, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of CF Industries Holdings, Inc. ("CF" or the "Company") (NYSE:CF) arising out of their failure to fully explore and seek out a transaction with Agrium, Inc., which would have the desired effect of maximizing shareholder value. Agrium has announced that it has submitted a proposal to CF to acquire all of the capital stock of CF for cash and Agrium shares at $72.00 per CF share, or a total of approximately $3.6 billion. The proposal is conditioned on, among other things, CF withdrawing its efforts to acquire Terra Industries.
Apogee Enterprises, Inc.
Apogee Chairman Says Greater Use of Daylighting is One of the Most Effective Ways to Reduce Energy Use in Commercial Buildings
MINNEAPOLIS, Feb. 25, 2009 (GLOBE NEWSWIRE) -- "Using high-performance glass to bring more natural daylight into buildings, an important strategy for green building, dramatically reduces energy usage and provides a better work environment," said Russell Huffer, chairman and chief executive officer of Apogee Enterprises, Inc. (Nasdaq:APOG), in a keynote speech to the Building Envelope Contractors Conference February 17 in Las Vegas. The event was hosted by the Glass Association of North America, the association serving flat glass manufacturers, fabricators and glazing contractors.
Carver Bancorp, Inc.
Carver Bancorp, Inc. Announces Executive Appointments
NEW YORK, Feb. 25, 2009 (GLOBE NEWSWIRE) -- Carver Bancorp, Inc. ("Carver") (Nasdaq:CARV), the holding company for Carver Federal Savings Bank (the "Bank"), today announced two executive appointments designed to strengthen oversight and management of enterprise wide risk.