latest news releases from the newsroom
Shareholders of Millennium Chemicals Elect Directors
RED BANK, N.J., May 23, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") held its annual meeting today, and the shareholders elected The Rt. Honorable Lord Kenneth Baker, Mr. Irvin F. Diamond and Mr. David J.P. Meachin as directors to serve until 2006. Shareholders also ratified the election of The Honorable Mary K. Bush and Mr. Daniel S. Van Riper as directors. Mr. Martin Taylor and Professor Martin D. Ginsburg retired today as directors.
BP Responds to 'Mini-Tender Offer'
LONDON, May 23, 2003 (PRIMEZONE) -- BP p.l.c. (NYSE:BP) (LSE:BP) announced today that it had received notification that on May 13, 2003 TRC Capital Corporation commenced an unsolicited, below-market mini-tender offer to purchase up to 2,500,000 of the American Depositary Shares (ADS) of BP (equivalent to 15,000,000 Ordinary Shares, or approximately 0.07 per cent of BP's outstanding Ordinary Shares), at a price of $39.25 per ADS.
Organizational Changes in Volvo Construction Equipment North America
GOTEBORG, Sweden, May 23, 2003 (PRIMEZONE) -- Mr. Jay Roszell, currently President of Volvo Construction Equipment (Volvo CE) North America, has decided to resign from his position to pursue a long-term ambition of moving to the distribution side of the business. He will assume responsibility for the Alabama, Georgia and Tennessee branches of LB Smith.
Volvo Trucks in North America Secures Major Order
GOTEBORG, Sweden, May 23, 2003 (PRIMEZONE) -- Volvo Trucks North America has signed a contract with Covenant Transport Inc, Chattanooga (Tennessee), for the delivery of up to 500 Volvo VN trucks. Covenant is one of the largest transport companies in the US and the deliveries will be made during the third quarter of 2003.
Stockgroup Information Systems Inc.
Stockgroup Eliminates Convertible Note and All Long Term Debt
VANCOUVER, British Columbia, May 23, 2003 (PRIMEZONE) -- Stockgroup Information Systems Inc., (OTCBB:SWEB) (TSX Venture Exchange:SWB) a financial media and technology company is pleased to announce that Deephavan Capital has converted into common shares and sold, with the exception of a balance of 700,000 shares which it has retained for investment purposes, the remaining balance of its US$1.23 million convertible note held in the Company. The debt was converted into stock at US$0.28/share and has eliminated all of the Company's long-term debt. The shares were sold primarily to an institutional group including US Global Funds. (www.usfunds.com).
Frontline Capital Adjustments
HAMILTON, Bermuda, May 23, 2003 (PRIMEZONE) -- One employee of Frontline (NYSE:FRO) has exercised options to acquire a total of 13.000 shares in Frontline. All shares have been acquired at a strike price of NOK 27.58 per share. Total proceeds were NOK 358.540.
Bong Sells Industrial Property in England
KRISTIANSTAD, Sweden, May 23, 2003 (PRIMEZONE) -- Bong is concentrating its business units in England. Bong is selling its industrial property in Milton Keynes. About MSEK 30 of the total sales price of about MSEK 37 has been received, while payment of the remaining amount is conditional on certain official approvals being obtained.