latest news releases from the newsroom
Atlas Copco to Buy Outstanding 49% in Atlas Copco (India) Ltd.
STOCKHOLM, Sweden, Dec. 6, 2002 (PRIMEZONE) -- Atlas Copco AB (Other OTC:ATLKY) has today informed the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of its intention to voluntarily acquire 49.01% of outstanding shares aggregating 5,528,844 of equity shares with the public in its Indian subsidiary, Atlas Copco (India) Ltd., subject to statutory approval.
Telelogic DOORS Named Leading Requirements Management Tool by Yphise
MALMO, Sweden and IRVINE, Calif. December 06, 2002 (PRIMEZONE) -- Telelogic (Other OTC:TGIAF) (Stockholm: TLOG), the leading global provider of solutions for advanced systems and software development, today announced that Telelogic DOORS, the company's state-of-the-art requirements management tool, was named market leader based on technical merit by influential French industry analyst firm Yphise, Paris, in its latest report "Requirements Management Tools."
Akzo Nobel Now Fully Owns ECI Elektro-Chemie GmbH
ARNHEM, The Netherlands, Dec. 6, 2002 (PRIMEZONE) -- Akzo Nobel Base Chemicals has reached an agreement with the German group TUI to take full ownership of ECI Elektro-Chemie GmbH (ECI). Akzo Nobel (Nasdaq:AKZOY) and TUI each had a 50% stake in the German company. The acquisition will take place with retroactive effect from October 1, 2002.
First Gripen Offset Claims Worth 39 Billion HUF (165 million euro) Submitted to Hungarian Ministry of Economy
LINKOPING, Sweden, Dec. 6, 2002 (PRIMEZONE) -- Gripen International has submitted the first Gripen offset claims to the Offset Coordination office in the Hungarian Ministry of Economy and Transport. The offset claimed has a total value of approximately 39 billion HUF (165 Million Euro) and are based on commercially viable projects, which will deliver jobs and long-term growth in a wide range of industrial sectors. The claimed offset involves 4 partner companies.
A Simplified Telenor
FORNEBU, Norway, Dec. 6, 2002 (PRIMEZONE) -- As of January 1, 2003, Telenor (Nasdaq:TELN) will be reorganised to create a more robust organisation, capable of continuing the development of the Norwegian activities and secure continued growth in the international mobile portfolio.
Oneida Ltd. Completes Review of Prior Results
ONEIDA, N.Y., Dec. 5, 2002 (PRIMEZONE) -- Oneida Ltd. (NYSE:OCQ) today announced that it will restate earnings for the 2000 and 2001 fiscal years and the first three quarters of fiscal 2002, with respect to accounting for costs and related tax effects associated with the August 2000 acquisition of Delco International Ltd. The total downward adjustment of approximately $3.44 million in net income will be within the company's previously announced estimates for the financial review, as disclosed in its November 14, 2002 release.
Brower Piven, A Professional Corporation
CORRECTED: Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Nash Finch Company -- NAFCE
BALTIMORE, Dec. 5, 2002 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Nash Finch Company (Nasdaq:NAFCE) between July 15, 2002 and November 8, 2002, inclusive (the "Class Period").