latest news releases from the newsroom
NCC sells its share of Betonelement of Denmark
SOLNA, Sweden, August 20, 2003 (PRIMEZONE) -- NCC Construction Denmark and Hoejgaard Holding have sold Betonelement to the international CRH Group. NCC and Hoejgaard have each owned 50 percent of Betonelement since 1992. The parties have agreed not to divulge the sales price. The sale will have a marginal positive impact on NCC's third-quarter earnings.
Telenor to sell Comincom and Combellga for a 19.5% stake in Golden Telecom
MOSCOW and OSLO, Norway, August 20, 2003 (PRIMEZONE) -- Telenor (Nasdaq:TELN) (Other OTC:TELNF) announced today that it has signed a Share Exchange Agreement with Golden Telecom, Inc. under which Golden Telecom, Inc. (Nasdaq:GLDN) will receive 100% of the shares of OAO Comincom and its wholly-owned subsidiary, OAO Combellga, in exchange for 19.5% of Golden Telecom Inc., calculated on a post-acquisition basis. The transaction will make Comincom and Combellga wholly owned subsidiaries of Golden Telecom, Inc. Based on the current share price for Golden Telecom, Telenor's stake is equivalent to approximately US$220 million.The transaction will be subject to approval by the appropriate regulatory bodies in the United States, and Russia. It is also subject to financial performance covenants for both parties and the approval of Golden Telecom's shareholders, and Telenor's Board of Directors. It is expected that the transaction will close before the end of 2003.
Stockwinners.com Option Picks Average Gains of More than One Hundred Percent; Rumors Up Twenty-Three Percent
AUSTIN, Texas, August 19, 2003 (PRIMEZONE) -- The following is an investment opinion issued by Stockwinners.com. Selections featured in recent Stockwinners.com http://www.STOCKWINNERS.com Option Picks postings registered an average short-term gain of 110 percent. In the three months ending August 15th, the equities research firm addressed the upward price potential of 256 publicly traded stock options. On average, the entire group was up 110 percent in nine days. The postings included one hundred sixty-four calls and ninety-two puts.
Harwood Feffer LLP
Wechsler Harwood Files Class Action Against Read-Rite Corporation -- RDRTQ
NEW YORK, August 19, 2003 (PRIMEZONE) -- The law firm of Wechsler Harwood LLP filed a class action suit against Alan S. Lowe and Andrew C. Holcomb, respectively the Chief Executive Officer and Chief Financial Officer of Read-Rite Corporation ("Read-Rite" or the "Company") (NYSE:RDRTQ) in the United States District Court for the Northern California on behalf of all persons or entities who purchased Read-Rite stock between October 30, 2001 and June 17, 2003 inclusive (the "Class Period").
Landskroner Grieco Merriman, LLC
Chitwood & Harley LLP Files Securities Class Action Lawsuit On Behalf Of Purchasers Of Securities Of Flowserve Corp. Between October 23, 2001 And September 27, 2002 -- FLS
ATLANTA, August 19, 2003 (PRIMEZONE) -- Chitwood & Harley announces that it has filed a class action lawsuit in the United States District Court for the Northern District of Texas, Dallas Division, on behalf of all purchasers of securities of Flowserve Corp., ("Flowserve" or the "Company") (NYSE:FLS), between October 23, 2001, and September 27, 2002, inclusive (the "Class Period"). The suit is brought against Flowserve Corp., C. Scott Greer, and Renee J. Hornbaker. The civil action number is 3:03-cv-1846-R. A copy of the complaint is available on our website, www.classlaw.com. If you have questions about this case, you may contact us through our website by clicking on Flowserve or by emailing or calling Jennifer Morris at email@example.com or 1-888-873-3999 ext 6883.