latest news releases from the newsroom
RSM EquiCo Advises American Pacific Corporation on Its Acquisition of Aerojet Fine Chemicals LLC
COSTA MESA, Calif., Dec. 22, 2005 (PRIMEZONE) -- American Pacific Corporation (Nasdaq:APFC) ("AMPAC") completed the previously announced purchase of the Aerojet Fine Chemicals business ("AFC") of GenCorp (NYSE:GY). The acquisition was announced on July 13, 2005 and closed on November 30, 2005. The purchase price of AFC was $114.0 million plus a contingent payment of up to $5.0 million, as well as the assumption by AMPAC of certain liabilities. Concurrent with the transaction, AMPAC completed a debt financing to fund the acquisition.
Quest Oil Corporation Closes on Midkiff Lease
HOUSTON, Dec. 22, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) (www.questoil.com) is pleased to announce the closing of the purchase of the Midkiff Oil Field (the "Midkiff Field") as previously announced in a news release dated November 7, 2005. The purchase price for the lease, well assets and infrastructure was $210,000.
Dow Jones Indexes
Component Changes Made to Dow Jones China Indexes
BEIJING, Dec. 22, 2005 (PRIMEZONE) -- Dow Jones Indexes today announced changes in the composition of the Dow Jones China Index Series (Dow-China Indexes). The component changes in the Dow Jones China Total Market (Dow-China Total Market), Dow Jones Shanghai (Dow-Shanghai), Dow Jones Shenzhen (Dow-Shenzhen) Index, and Dow Jones CBN China 600 Index will be effective on January 4, 2006.
Victory for Telenor in Sonofon Tax Case
OSLO, Norway, Dec. 22, 2005 (PRIMEZONE) -- In its decision of 21 December 2005, the Appeal Court (Borgarting Lagmannsrett) ruled in favour of Telenor in respect of Telenor's intragroup sale of its shares in Sonofon Holding A/S. This sale triggered a tax loss of approximately NOK 8.6 billion, with corresponding reduced tax charges of approximately NOK 2.4 billion for the fiscal year 2001. Thus, the Appeal Court upheld the decision by Oslo District Court (Oslo Tingrett) from June 2004. Telenor does not know whether the tax authorities will appeal this decision. An appeal must be filed within one month.
Converium Holding AG
Patinex AG Acquires 12.49% in Converium Voting Rights
ZUG, Switzerland, Dec. 21, 2005 (PRIMEZONE) -- Converium Holding Ltd, Zug, has been notified that Patinex AG, Egglirain 24, 8832 Wilen, Switzerland, has acquired 12.49% of voting rights in Converium Holding AG (5.06% in the form of 7,425,000 registered shares and 7.43% in the form of purchase rights with entitlement to purchase 10,900,000 registered shares).
HEICO Reports Record Sales and Operating Income in Fourth Quarter and Full Year Results
HOLLYWOOD, Fla. and MIAMI, Dec. 21, 2005 (PRIMEZONE) -- HEICO Corporation (NYSE:HEI-A) (NYSE:HEI) today reported net sales increased 25% to $269,647,000 for the fiscal year ended October 31, 2005 from $215,744,000 for the fiscal year ended October 31, 2004. For the fourth quarter of fiscal 2005, net sales increased 25% to $76,524,000 from $60,980,000 in the fourth quarter of fiscal 2004.
Financial Accounting Foundation
The Financial Accounting Foundation Appoints Timothy P. Flynn, Chairman and Chief Executive Officer of KPMG LLP to the Foundation's Board of Trustees
NORWALK, Conn., Dec. 21, 2005 (PRIMEZONE) -- Robert J. DeSantis, President and Chief Operating Officer of the Financial Accounting Foundation (FAF) today announced the appointment of Timothy P. Flynn, Chairman and Chief Executive Officer of KPMG LLP, the U.S. audit, tax and, advisory firm, to the FAF Board of Trustees.