latest news releases from the newsroom
Delta Air Lines, Inc.
Delta Air Lines Reports Record December 2006 Load Factor
ATLANTA, Jan. 4, 2007 (PRIME NEWSWIRE) -- Delta Air Lines today reported record load factor results for December 2006. Delta's system load factor for December 2006 was a record 77.8%, up 2.5 points from the prior year and the previous December record load factor of 75.3%. Delta also achieved its highest December load factors for its mainline system (78.3% with a previous high of 75.5% in 2005), mainline domestic (78.5% with a previous high of 75.4% in 2005) and Delta Connection system (75.4% with a previous high of 74.3% in 2005).
Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Corporation Completes Merger With Aldabra Acquisition Corporation
OAK BROOK, Ill., Jan. 4, 2007 (PRIME NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (Nasdaq:GLDD) (Nasdaq:GLDDW) has completed the merger of Aldabra Acquisition Corporation ("Aldabra") (formerly OTCBB:ALBA) (OTCBB:ALBAW) (OTCBB:ALBAU) and GLDD Acquisitions Corp. ("GLDD"). As a result of the mergers described in the proxy statement/prospectus dated November 9, 2006, Aldabra stockholders and Great Lakes stockholders received shares of a new holding company, Great Lakes Dredge & Dock Corporation and Aldabra's outstanding units, each of which was comprised of one share of Aldabra common stock and two warrants, were mandatorily separated into their components. Great Lakes has 39,985,678 shares of common stock outstanding (subject to certain post closing adjustments), approximately 28% of which are owned by Aldabra's former stockholders, 67% of which are owned by Madison Dearborn and 5% of which are owned by Great Lakes management. The funds held in Aldabra's trust account were used to pay down Great Lakes' existing term bank debt by approximately $50 million.
Hot Topic, Inc.
Hot Topic, Inc. to Present at The Cowen and Company Consumer Conference
CITY OF INDUSTRY, Calif., Jan. 4, 2007 (PRIME NEWSWIRE) -- Hot Topic, Inc. (Nasdaq:HOTT) is scheduled to present at the Cowen and Company 5th Annual Consumer Conference at The Westin New York at Times Square in New York City on Tuesday, January 9, 2007 at 2:00 P.M. Eastern time. Hot Topic, Inc. will be represented at the conference by Betsy McLaughlin, Chief Executive Officer, and Jim McGinty, Chief Financial Officer.
NetManage Remains Neutral With Respect to Unsolicited Partial Tender Offer
CUPERTINO, Calif., Jan. 4, 2007 (PRIME NEWSWIRE) -- NetManage, Inc. (Nasdaq:NETM), a leading software company that provides solutions for integrating, Web enabling and accessing enterprise information systems, announced that today it is filing a Schedule 14D-9 Solicitation/Recommendation Statement with the Securities and Exchange Commission in response to an unsolicited partial tender offer to purchase up to 1,296,890 shares of NetManage common stock for $5.25 per share in cash made on December 20, 2006 by Riley Acquisition LLC, which is owned by Riley Investment Partners, L.P. (formerly known as SACC Partners LP).