latest news releases from the newsroom
Petroleum Geo-Services ASA
PGS Second Quarter 2003 Earnings Release
OLSO, Norway, Aug. 19, 2003 (PRIMEZONE) -- Petroleum Geo-Services ASA (`PGS`) (OSE:PGS) (Other OTC:PGOGY) will announce its second quarter 2003 financial results at approximately 3:30 p.m. Central European Time (CET) (9:30 a.m. Eastern Time (ET)) today, Tuesday, August 19, 2003.
Decisions from OM's extraordinary general meeting
STOCKHOLM, Sweden, August 19, 2003 (PRIMEZONE) -- As a consequence of OM AB's (Other OTC:OMGPF) (OM) public offer to the shareholders and warrant holders of the Finnish company, HEX Oyj (HEX), an extraordinary general meeting of the shareholders of OM on August 18 decided to authorize the Board of Directors to decide on the issuance of not more than 31,785,027 shares, entailing an increase in the company's share capital by not more than SEK 63,570,054. The authorization also covers HEX shares, which may be issued as a consequence of the exercise of warrants in HEX.
Karo Bio updates status of compound from Merck collaboration
HUDDINGE, Sweden, August 19, 2003 (PRIMEZONE) -- Karo Bio (Other OTC:KARBF) announces today that Merck & Co, Inc. (NYSE:MRK) has decided to discontinue development of the first of the two candidate compounds that have been identified in the collaboration between the two companies. Development of the compound was discontinued due to adverse findings in the final stages of preclinical testing. The second drug candidate continues to be studied in preclinical testing. In addition, other estrogen receptor compounds, arising from the Karo Bio and Merck & Co, Inc. collaboration continue to be evaluated.