latest news releases from the newsroom
Gateway Financial Holdings, Inc.
Gateway Financial Holdings, Inc. Acquires The Bank of Richmond, N.A.
VIRGINIA BEACH, Va., June 1, 2007 (PRIME NEWSWIRE) -- Gateway Financial Holdings, Inc. (Nasdaq:GBTS), the holding company for Gateway Bank & Trust Co., announced today that the shareholders of Gateway Financial Holdings and The Bank of Richmond, N.A. approved, and the parties have closed, a transaction in which The Bank of Richmond was merged with and into Gateway Bank. Bank of Richmond shareholders will receive either 2.11174 shares of Gateway Financial common stock or $30.05 for each share of Bank of Richmond that they own. The transaction provides Gateway Financial Holdings entrance into the demographically attractive Richmond market area.
Lundin Petroleum AB
LAGANSKY BLOCK - NORTH CASPIAN
Russia's licensing agency Rosnedra met today to review the status of the
Lagansky Block licence. Representatives of Lundin Petroleum's Russian
subsidiary were present at the meeting. Whilst no formal written confirmation
has been received from Rosnedra we understand that a decision has been made to
recommend that the Lagansky licence is revoked by the Ministry of Natural
Lundin Petroleum is currently ready to commence drilling operations on the
Lagansky licence awaiting the receipt
Dow Jones & Company
Dow Jones Issues Statement
NEW YORK, May 31, 2007 (PRIME NEWSWIRE) -- Dow Jones & Company (NYSE:DJ) said that a director who is a representative of the Bancroft family, Michael B. Elefante, has informed the Dow Jones Board of Directors that: