latest news releases from the newsroom
Frontline Ltd.: Capital Adjustments
OSLO, Norway, March 4, 2002 (PRIMEZONE) -- Two employees of Frontline Ltd. (NYSE:FRO) have exercised options to acquire a total of 15,000 shares in Frontline. All shares have been acquired at a strike price of NOK 30.83 per share. Total proceeds were NOK 462,450.
New offices for OM in Stockholm's Frihamnen District
STOCKHOLM, Sweden, March 4, 2002 (PRIMEZONE) -- To secure OM's development and expansion in the city of Stockholm, OM has been negotiating for some time with the City of Stockholm for the purchase of a property known as the Ford Building, in the Frihamnen district of Stockholm. OM has now purchased the property, which currently comprises an area of 22,000 m(2), for the sum of SEK 236 million. At the same time OM has agreed to sell the property on to Wihlborgs Fastigheter AB for the same price and with an attached leasehold agreement of 10 years. The deal between OM and the City of Stockholm also includes the transfer, to the City of Stockholm, of the leasehold of the old Stock Exchange building in the city's Old Town district.
Wihlborgs Develops Property With 1,500 Jobs for OM
STOCKHOLM, Sweden, March 4, 2002 (PRIMEZONE) -- Wihlborgs Fastigheter AB has today acquired from OM AB the property Ladugardsgarde 1:48, with the building known as Fordhuset, in Frihamnen in Stockholm. The purchase price is SEK 236m. At the same time, OM has signed a ten-year rental agreement with Wihlborgs, and will move into Fordhuset after conversion and extension work has been carried out.
TietoEnator Focuses on M2M Solution Center
ESPOO, Finland, March 4, 2002 (PRIMEZONE) -- TietoEnator's focus within the area Machine-to-Machine is now further strengthened with a newly started M2M Solution Center. The aim is to offer its customers a total solution, from requirement analysis and business development to system integration and operation. TietoEnator's M2M Solution Center is located in Kista.
Atlas Copco Launches Milwaukee Electric Tools in Europe
STOCKHOLM, Sweden, March 4, 2002 (PRIMEZONE) -- Atlas Copco will introduce its Milwaukee brand of professional electric tools on a larger scale to the European market, at this year's International Hardware Fair in Cologne, Germany. Through the launch, customers in Europe will get access to a top of the line North American product range.
Murray, Frank & Sailer LLP
Rabin & Peckel LLP Commences Class Action Against Hanover Compressor Company, Certain of Its Officers and Directors, Alleging Violations of Federal Securities Law -- HC
NEW YORK, March 1, 2002 (PRIMEZONE) -- A class action complaint has been filed in the United States District Court for the Southern District of Texas, civil action number H-02-0764, on behalf of all persons or entities who purchased Hanover Compressor Company. ("Hanover" or the "Company") common stock (NYSE:HC) between November 8, 2000 through January 28, 2002, both dates inclusive (the "Class Period"). Hanover Compressor Company, Michael J. McGhan, William S. Goldberg and Michael A. O'Connor are named as defendants in the action.
Pomerantz Haudek Block Grossman & Gross LLP: Biopure Shareholders Have Until Monday, April 8, 2002 to Seek Appointment as Lead Plaintiff -- BPUR
NEW YORK, March 1, 2002 (PRIMEZONE) -- According to Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com), which has filed a class action lawsuit against Biopure Corporation ("Biopure" or the "Company") (Nasdaq:BPUR) on behalf of all shareholders who purchased the common stock of Biopure during the period between May 8, 2001 and December 6, 2001, inclusive (the "Class Period"), shareholders have until Monday, April 8, 2002 to seek appointment by the Court as one of the lead plaintiffs in this action.