latest news releases from the newsroom
Alfa Laval and Haldex Create Alfdex, a Joint Venture Company
STOCKHOLM, Sweden, June 11, 2004 (PRIMEZONE) -- The two Swedish multi-national companies Alfa Laval and Haldex announced today that they have created a jointly (50/50) owned company, Alfdex AB. The new company is established around the opportunities to serve the market with high efficiency solutions for cleaning crankcase gases. Alfdex will use Alfa Laval's unique and long tradition in centrifugal separator technology and Haldex' skills in serving the vehicle industry with high performance systems.
Haldex and Alfa Laval Form the Joint Company Alfdex AB
STOCKHOLM, Sweden, June 11, 2004 (PRIMEZONE) -- Haldex and Alfa Laval are now formalizing their cooperation regarding the cleaning of crank case gases that are emitted from diesel engines, by forming the jointly owned (50/50) company Alfdex AB. Alfdex has been established to function as the formal license taker of the technology and to coordinate the joint activities.
Toll Brothers, Inc.
Toll Brothers, Inc. Announces Extension of Exchange Offer for 4.95% Senior Notes Due 2014
HUNTINGDON VALLEY, Pa., June 10, 2004 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL) today announced that the exchange offer for the outstanding 4.95% Senior Notes due 2014 in the aggregate principal amount of $300,000,000, issued by its wholly-owned subsidiary, Toll Brothers Finance Corp., has been extended until 5:00 p.m., New York City time, on June 14, 2004. The extension of the exchange offer will allow holders of the notes additional time to tender their notes for exchange.
The Carlyle Group
Carlyle Group and Wilton Hill Acquire the Hilton Pasadena in California
WASHINGTON, D.C., June 10, 2004 (PRIMEZONE) -- Global private equity firm The Carlyle Group announced today that a joint venture between affiliates of The Carlyle Group and of Wilton "Chick" Hill, President of Davidson Hotel Company, acquired the Hilton Pasadena in California on May 12, 2004. Davidson Hotel Company will assume all management responsibilities for the hotel, which will be operated under a franchise license agreement with Hilton Hotels Corporation. Financial terms were not disclosed.
QLogic to Present at Upcoming Conferences in New York and Laguna Beach
ALISO VIEJO, Calif., June 10, 2004 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that H.K. Desai, chairman, CEO and president, and Tony Massetti, vice president and CFO, will be presenting at investor conferences in New York and Laguna Beach next week. Desai and Massetti will present at the Bear Stearns 15th Annual Technology Conference held at the Grand Hyatt in New York City on Monday, June 14. The presentation is expected to begin at 11 a.m. Eastern Time. On Wednesday, June 16, both executives will be in Laguna Beach, Calif. to present at the Thomas Weisel Partners Growth Forum 6.0 Conference, held at the Montage Resort. The presentation is expected to begin at 9:20 a.m. Pacific Time.