latest news releases from the newsroom
IPO Monitor to Publish Year-End Review on Jan. 6
LOS ANGELES, Dec. 31, 2002 (PRIMEZONE) -- IPO Monitor (www.ipomonitor.com) today announced the preliminary version of its 2002 Year-End Review, combining a comprehensive review of the IPO market for this year and a preview of next year.
Romacorp, Inc. Announces Refinancing of Credit Facility
DALLAS, Dec. 31, 2002 (PRIMEZONE) -- Romacorp, Inc. today announced that it has entered into a new $25.0 million credit agreement with GE Capital Franchise Finance to replace the previous agreement with another lender. The new credit facility will expire in December 2012 and includes annual reductions in the maximum borrowing capacity ranging from $1.75 million in the first year up to $3.25 million in later years. The new facility is secured by substantially all of the assets of Romacorp, Inc. and its subsidiaries.
Mergerstat's M&A Roundup: Year in Review 2002
LOS ANGELES, Dec. 31, 2002 (PRIMEZONE) -- For the M&A market, there will be grim satisfaction in closing the door on 2002. Though, by historical accounts, it wasn't such a bad year. When the dust settles, total announcements by U.S. dealmakers in 2002 will clock in at about 7,387 transactions, making it the sixth best year since 1962, when Mergerstat first began tracking M&A activity.
GN Store Nord
GN Store Nord Sells NetTest
COPENHAGEN, Denmark, Dec. 31, 2002 (PRIMEZONE) -- In 2001, GN Store Nord (Other OTC:GGNDF) announced the intention to spin off NetTest. However, due to market conditions it was not possible to carry out an independent listing of NetTest and a subsequent division of GN Store Nord. Consequently, GN Store Nord began an actual divestment process in the fall of 2002, which has now resulted in the sale of NetTest.
Wolf Popper LLP
Wolf Popper LLP Charges Sepracor Inc. With Violations of the Federal Securities Laws -- SEPR
NEW YORK, Dec. 30, 2002 (PRIMEZONE) -- Sepracor Inc. (Nasdaq:SEPR) and certain of its senior officers have been charged with violations of the federal securities laws by Wolf Popper LLP in a class action lawsuit brought in the United States District Court for the District of Massachusetts. The lawsuit was brought on behalf of all persons who purchased Sepracor common stock on the open market during the period beginning on May 17, 1999 through March 6, 2002, inclusive.
NCC Sells Property-Development Project in Helsinki
SOLNA, Sweden, Dec. 30, 2002 (PRIMEZONE) -- NCC Finland Oy reached an agreement on Monday to sell the third and final phase of its Business Park Airport Plaza property-development project in Helsinki. The buyer is the Finnish real estate group Polar Kiinteistot Oyj. The sale will have a favorable impact on the NCC Group's earnings during the fourth quarter of 2002.