latest news releases from the newsroom
Metso Seeks to Terminate Registration of Its Securities Under Section 12(g) of the U.S. Securities Exchange Act of 1934 (the "Exchange Act") and Terminate Its Reporting Obligations under Section 13(a) and Section 15(d) of the Exchange Act
HELSINKI, Finland, Sept. 4, 2007 (PRIME NEWSWIRE) -- Metso Corporation announced on July 26, 2007 that its Board of Directors decided to apply for delisting of Metso's American Depositary Shares (the "ADSs"), each representing one ordinary share, from the New York Stock Exchange (the "NYSE") in the United States, and pursuant to the newly-adopted Rule 12h-6 under the U.S. Securities Exchange Act of 1934 (the "Exchange Act") deregister and terminate Metso's reporting obligations under the Exchange Act regarding both its ADSs and SEC-registered debt securities. However, Metso plans to maintain its American Depositary Receipt (ADR) facility, and following the delisting Metso's ADSs are expected to be traded over-the-counter (OTC) in the United States. Metso's ordinary shares will continue to trade on the Helsinki Stock Exchange. Metso's SEC-registered debt securities are not listed. This notice is being published pursuant to the requirements of Rule 12h-6(h) of the Exchange Act in order to alert U.S. investors who have purchased Metso's securities about Metso's intended exit from the Exchange Act registration and reporting system.
Harsco Adds to Railway Track Services Capabilities With Acquisition of ZETA-TECH
HARRISBURG, Pa., Sept. 4, 2007 (PRIME NEWSWIRE) -- Worldwide industrial services company, Harsco Corporation (NYSE:HSC), announced today the further expansion of its growing railway track services capabilities with the acquisition of ZETA-TECH Associates, a niche technical services and applied technology company serving the railway industry with specialized expertise in railway engineering services and track maintenance software. Terms of the acquisition were not disclosed.