latest news releases from the newsroom
ACI Worldwide, Inc.
ACI Worldwide Earns SWIFTReady TSU Accreditation
NEW YORK, Sept. 16, 2008 (GLOBE NEWSWIRE) -- ACI Worldwide (Nasdaq:ACIW), a leading international provider of software for enterprise payment systems, today announced that ACI Open Account Manager(tm) has achieved the SWIFTReady Trade Services Utility (TSU) accreditation.
Lundin Petroleum AB
LUNDIN PETROLEUM TO REPURCHASE SHARES
The Annual General Meeting ("AGM") of Lundin Petroleum AB ("Lundin Petroleum")
held on 13 May 2008 resolved to authorize the Board of Directors to decide on
repurchases and sales of Lundin Petroleum shares on the OMX Nordic Exchange
Stockholm ("OMX") during the period until the next AGM. The maximum number of
shares repurchased shall be such that Lundin Petroleum shares held in treasury
from time to time do not exceed five percent of all shares of Lundin Petroleum.
Repurchase of shares on OMX ma
Telvent GIT S.A.
Telvent Reaches Agreement to Acquire, for $445 Million, U.S.-Based Business Information Services Provider DTN
ROCKVILLE, Md., Sept. 15, 2008 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today that it has signed an agreement to acquire one hundred percent of U.S.-based business information services provider, DTN Holding Company, Inc. (DTN), headquartered in Omaha, Nebraska. The acquisition represents an all cash purchase of DTN for a total enterprise value of $445 million U.S. dollars (approx. 310 million Euros), to be financed through a combination of fully funded senior indebtedness and the issuance of common equity. The transaction is expected to close in the fourth quarter of 2008 and is subject to customary regulatory and shareholder approvals.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by Board of Napster, Inc.
NEW YORK, Sept. 15, 2008 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the Board of Directors of Napster, Inc. ("Napster" or the "Company") (Nasdaq:NAPS) arising out of their attempt to sell the Company to Best Buy. Under the terms of the agreement, Napster shareholders would receive $2.65 in cash for every Napster share they own, for a total sale price of approximately $121 million in cash. The price is unfair given that the Company has a book value that includes over $1.41 per share in cash and no debt so that Best Buy is effectively only paying approximately $53 million for the Company, which has just posted five consecutive quarters of positive cash flow. Furthermore, the sales process the Company conducted was flawed, given that in contravention of their fiduciary duties to maximize shareholder value, the Company's Board agreed to a "no-shop" provision and a $3 million termination fee which will ensure no superior offer will ever be forthcoming. The proposed acquisition is subject to customary conditions and regulatory approvals.