latest news releases from the newsroom
Hansabank buys a Lithuanian life-insurance company
TALLINN, Finland, Oct. 9, 2003 (PRIMEZONE) -- Hansabank's (Other OTC:HNSBF) Lithuanian subsidiary AB Bankas Hansabankas has today signed a purchase agreement for acquiring 100% of the life insurance subsidiary of UAB Lietuvos Draudimas, UAB Lietuvos Draudimo Gyvybes Draudimas (LDGD). Hansabankas is paying LTL 63.5 million (EUR 18.4m) for the company. LDGD holds 42% of the Lithuanian life insurance market. Collected premiums in the first half of 2003 amounted to LTL 42.2 million (EUR 12.2m).
SKF and Metso Corporation signed two-year contract worth 350 million SEK
GOTEBORG, Sweden, Oct. 09, 2003 (PRIMEZONE) -- SKF (Nasdaq:SKFR) and Metso Corporation (NYSE:MX) have signed a two-year agreement regarding supplies of SKF products and competence to Metso Paper, Metso Minerals and Metso Drives globally. The value of the contract is around 350 million SEK for the 2-year period.
Allied Domecq PLC
Allied Domecq PLC Bid for Peter Lehmann Wines Limited Declared Unconditional
BRISTOL, U.K. , Oct. 9, 2003 (PRIMEZONE) -- Allied Domecq PLC (Allied Domecq) (NYSE:AED) (Other OTC:ALDQF) today announces that it has declared its Offer for Peter Lehmann Wines Limited (PLW), through its wholly owned subsidiary Allied Domecq Wines Australia Pty. Ltd., free of all remaining conditions. Allied Domecq will also accelerate dispatch of payment to shareholders to within five days after acceptance.
Sectra: Finnish customer is first to order new eavesdrop-secure Tiger XS terminal
LINKOPING, Sweden, Oct. 9, 2003 (PRIMEZONE) -- Finnish customer is first to order new eavesdrop-secure Tiger XS terminal Through its cooperation partner Ascom Fintel, Sectra has received its first order for the new mobile Tiger(R) XS terminal. The customer has also ordered Tiger(R) Gateway. The customer is Finnish and the order also represents a breakthrough on the Finnish market.
E Team, Inc.
Renowned Emergency Managers Join E Team
LOS ANGELES, Oct. 8, 2003 (PRIMEZONE) -- E Team, Inc., the proven, market-leading provider of collaborative software for crisis management, today announced the appointment of Victor Subia as Director of Sales Operations, Western Region and Richard Comerford as Director of Training and Exercises. With over 45 years of collective crisis management experience and industry-wide recognition, Subia and Comerford will be instrumental in enhancing E Team's training and exercises program, customer service, and software to ensure they continue to meet ever-changing industry requirements.
Murray, Frank & Sailer LLP
Class Action Suit Commenced In The Southern District Of New York Against Strong Financial Corporation Defendants And Canary On Behalf Of Purchasers Of Certain Strong Funds By Rabin, Murray & Frank LLP -- SCBDX, SCORX, SHBAX, SGVDX.
NEW YORK, Oct. 8, 2003 (PRIMEZONE) -- A class action lawsuit has been filed in United States District Court for the Southern District of New York, case number 03-CV-7438, on behalf of all persons or entities who purchased or otherwise acquired Strong Corporate Bond Fund (Nasdaq:SCBNX) (Nasdaq:STCBX), Strong High-Yield Bond Fund (Nasdaq:SHYYX) (Nasdaq:STHYX), Strong Government Securities Fund (Nasdaq:SGVIX) (Nasdaq:STVSX), and other Strong Funds (the "Funds") owned and operated by Strong Financial Corporation, and its subsidiaries and affiliates, between October 1, 1998 and July 3, 2003, inclusive, (the "Class Period"). The complaint names Strong Financial Corporation, Strong Capital Management, Inc., and each of the Funds' registrants and issuers, Edward J. Stern, Canary Capital Partners, LLC, Canary Investment Management, LLC, Canary Capital Partners, Ltd, each of the Funds, and John Does 1-100.
Murray, Frank & Sailer LLP
Shareholder Class Action Filed Against Alliance Capital Management Defendants and Canary on Behalf of Purchasers of The Certain AllianceBernstein Family Funds by Rabin, Murray & Frank LLP -- AGRFX, ASBAX, ABASX, APGAX
NEW YORK, Oct. 8, 2003 (PRIMEZONE) -- A class action lawsuit has been filed in United States District Court for the Southern District of New York, case number 03-CV-7765, on behalf of all persons or entities who purchased or otherwise acquired AllianceBernstein Growth Fund (Nasdaq:AGBBX) (Nasdaq:AGRCX), AllianceBernstein Select Investor Series Biotechnology Portfolio (Nasdaq:ABASX) (Nasdaq:AIBBX) (Nasdaq:ASBCX), AllianceBernstein Small Cap Value Fund (Nasdaq:ABBSX) (Nasdaq:ABCSX), AllianceBernstein Premier Growth Fund (Nasdaq:APGBX) (Nasdaq:APGCX), AllianceBernstein Select Investor Series Technology Portfolio (Nasdaq:AITAX) (Nasdaq:AITBX) (Nasdaq:AITCX), and other AllianceBernstein family of funds (the "Funds") owned and operated by Alliance Capital Management Holding L.P. (NYSE:AC), and its subsidiaries and other affiliates, between October 2, 1998 and September 29, 2003 (the "Class Period"). The complaint names Alliance Capital Management Holding L.P., Alliance Capital Management Corporation, Alliance Capital Management, L.P., AXA Financial, Inc., each of the registrants for the Funds, Gerald Malone, Charles Schaffran, Edward J. Stern, Canary Capital Partners, LLC, Canary Investment Management, LLC, Canary Capital Partners, Ltd, each of the Funds, and John Does 1-100.