latest news releases from the newsroom
Bexil Corporation Announces Increased Net Assets Per Share
NEW YORK, Dec. 27, 2002 (PRIMEZONE) -- Bexil Corporation (AMEX:BXL) announced today that its net assets per share had increased to $12.62, up from $11.41 at December 31, 2001 and $10.89 at June 30, 2002. The increase in assets was attributed primarily to the revised fair valuation of Bexil's York Insurance Services Group, Inc. 50% owned subsidiary, net of certain charges. Over the course of the year, York has shown strong growth in revenues and net income while reducing debt. It is anticipated that selected financial data for York will be announced after York's audit is completed in the first quarter of 2003.
Millicom International Cellular
Millicom Agreement on Disposal of Columbian Operations
BERTRANGE, Luxembourg, NEW YORK and LONDON, Dec. 27, 2002 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC), the global telecommunications investor, today announced that on December 24, 2002, it entered into a share purchase agreement with Comcel SA of Columbia and its parent company American Movil to sell Millicom's shares in its Columbian operations, Celcaribe SA, to Comcel SA.
Blyth, Inc. Places U.K. Specialty Retail Operation in Administrative Receivership
GREENWICH, Conn., Dec. 27, 2002 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH) today announced that it had elected to place Wax Lyrical Limited, its U.K.-based specialty retail chain of 35 candle stores with annualized Net Sales of approximately $16 million, in administrative receivership. The Company currently expects substantial full fiscal year 2003 operating losses at Wax Lyrical, and to report an estimated loss on disposal of Wax Lyrical in its 2003 fourth fiscal quarter, impacting earnings per share by approximately $.04 - $.06. This reduces the 2003 fourth fiscal quarter EPS outlook to $.49 - $.54 versus $.29 for the same period last year.
Micronic Receives Order for an Omega6000 Series Laser Pattern Generator
TABY, Sweden, Dec. 27, 2002 (PRIMEZONE) -- Micronic Laser Systems AB (Stockholm:MICR), a leading manufacturer of laser pattern generation equipment to the semiconductor and display industries, today received an order for an Omega6000 series laser pattern generator from a Japanese customer. The system will be used to manufacture a wide variety of photomasks for semiconductor applications. Delivery will take place this year.
Bure Frees up More than SEK 410M Through the Sale of Nycomed
GOTHENBURG, Sweden, Dec. 27, 2002 (PRIMEZONE) -- We refer to our news release of October 30 when we announced that Nordic Capital has made an agreement to sell the Danish pharmaceutical company, Nycomed, to a company owned by CSFB Private Equity, Blackstone Capital Partners and NIB Private Equity NV.