latest news releases from the newsroom
Kahn Swick & Foti, LLC
KGS Announces Launch of Internet's Most Comprehensive Options Pricing Investigations Website -- www.kglg.com
NEW ORLEANS, June 12, 2006 (PRIMEZONE) -- Kahn Gauthier Swick, LLC ("KGS") announces the launch of the Internet's most comprehensive website dedicated to tracking the illegal backdating of options grants by U.S. corporations. KGS had previously created the nation's first privately funded independent Options Pricing Investigations Division, and has now launched a website detailing its initial findings. This website is free, and can be viewed at http://www.kglg.com/options/pricing-investigation-division.asp. The KGS options pricing scorecard provides an up-to-date listing of the investigations into the growing number of companies now being investigated by KGS' Options Pricing Investigations Division, the SEC and/or the Justice Department, for improperly manipulating the prices of executive option grants.
Wolverine Tube Inc.
Wolverine Tube, Inc. Increases Availability Under Receivables Sale Facility $20 Million
HUNTSVILLE, Ala., June 12, 2006 (PRIMEZONE) -- Wolverine Tube, Inc. (NYSE:WLV) announced that it has increased the maximum amount available to it under its receivables sale facility. Under an amended agreement among Wolverine and certain Wolverine subsidiaries, Wachovia Bank, National Association, a Wachovia affiliate and CIT Group/Business Credit, Inc., Wolverine has increased the amount available to $90 million. The previous amount available under the receivables sale facility was $70 million.
Marsh Supermarkets Inc.
Marsh Supermarkets Reports on Competing Transaction
INDIANAPOLIS, June 12, 2006 (PRIMEZONE) -- Marsh Supermarkets, Inc. (Nasdaq:MARSA) (Nasdaq:MARSB) ("Marsh" or the "Company") today announced that its Board of Directors took action under its merger agreement with MSH Supermarkets Holding Corp. ("MSH"), an affiliate of Sun Capital Partners Group IV, LP, a private investment fund. Under the MSH merger agreement, holders of both classes of Marsh common stock will receive $11.125 per share in cash.
Alero Technology Joins Hitachi Data Systems ISV Partner Program
KISSIMMEE, Fla., June 12, 2006 (PRIMEZONE) -- Gartner Storage Summit 2006 -- Alero Technology today announces it has joined the Hitachi Data Systems independent software vendor (ISV) partner program. The program announced today by Hitachi Data Systems, provider of Application Optimized Storage(tm) solutions and a wholly owned subsidiary of Hitachi, Ltd. (NYSE:HIT), delivers key services to companies that develop software interoperable with Hitachi storage solutions. (See related Hitachi Data Systems press releases announced today, "Hitachi Introduces 21st Century Digital Archive Solution" and "Hitachi Announces Major Support for its New ISV Partner Program.")
Overseas Shipholding Group, Inc.
Morten Arntzen to Present At the Merrill Lynch Global Transportation Conference
NEW YORK, June 12, 2006 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG), a market leader in providing energy transportation services, today announced that Morten Arntzen, President and Chief Executive Officer, will participate in a Tanker Shipping Panel at the Merrill Lynch Transportation Conference at 2:45 p.m. ET on Wednesday, June 14, 2006. The conference will be held at the St. Regis Hotel, 2 East 55th Street in New York City, New York.
Aaron Rents, Inc.
Photo Release -- Big Winner at Arena Bowl XX in Las Vegas is Aaron's
ATLANTA, June 12, 2006 (PRIMEZONE) -- Aaron Rents, Inc., the nation's leader in the rental, sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics, home appliances and accessories, today announced the completion of another successful season as a corporate partner of the Arena Football League. The season culminated with Arena Bowl XX, the AFL's Championship Game, played Sunday before a crowd of nearly 14,000 fans at the Thomas & Mack Center in Las Vegas. Live televised coverage of the game on NBC accounted for a large amount of national exposure for Aaron's, as well.