latest news releases from the newsroom
Delhaize Group's Shareholders Approve Net Dividend of EUR 1.08
BRUSSELS, Belgium, May 23, 2002 (PRIMEZONE) -- Delhaize Group (Euronext Brussels:DELB) (NYSE:DEG), the Belgian international food retailer, today announced that during the Annual General Meeting its shareholders approved the distribution of a gross dividend of EUR 1.44 per share, before deduction of withholding tax of 25%, resulting in a net dividend of EUR 1.08 per share. This is a 5.9% increase over the 2000 dividend.
Virgin Express Amends its ADR Facility and Files with the SEC
LONDON, May 23, 2002 (PRIMEZONE) -- Virgin Express Holdings plc (Nasdaq:VIRGY) (Euronext Brussels:VIRE) has recently amended its ADR facility and filed with the SEC a related Registration Statement on Form F-6 in order to regain compliance with the minimum bid price requirement of the NASDAQ National Market.
Pomerantz Haudek Block Grossman & Gross LLP: Goldman Sachs Sued by eToys Inc., now EBC I Inc., for Improprieties Concerning eToys' IPO --- ETYSQ
NEW YORK, May 23, 2002 (PRIMEZONE) -- eToys Inc., now EBC I Inc., (Pink Sheets:ETYSQ) has charged Goldman Sachs & Co. with breaches of contract and fiduciary duty, fraud and other misconduct relating to Goldman's role as lead underwriter of eToys' May 20, 1999 Initial Public Offering. The lawsuit, filed in the Supreme Court of the State of New York, has been brought on behalf of EBC I Inc. by The Official Committee of Unsecured Creditors appointed in the Chapter 11 bankruptcy case. Stanley Grossman, of New York-based Pomerantz Haudek Block Grossman & Gross (pomlaw.com), co-counsel for the plaintiff, says that eToys incurred, "hundreds of millions of dollars in damages and eventually had to declare bankruptcy as a result of Goldman Sachs' illegal conduct in underpricing the IPO and in receiving kickbacks."
Precise Biometrics AB
Precise Biometrics and nSuite Technologies Announce Partnership
LUND, Sweden, May 23, 2002 (PRIMEZONE) -- Precise Biometrics announces a partnership with the U.S. software provider nSuite Technologies(TM). The partnership involves marketing and selling of nSuite's software PrivacyShell in combination with Precise Biometrics' fingerprint and smart card solutions. The companies will work together on new business opportunities within the health care market.
Jiway Extends Coverage to Swiss Market
STOCKHOLM, Sweden, May 23, 2002 (PRIMEZONE) -- On Monday, 20 May 2002, Jiway extended its coverage to include the Swiss market and executed its first transaction in a Swiss stock.
Canaan Energy Corp.
Canaan Energy Corporation Announces Meeting Date to Approve Merger with Chesapeake Energy Corporation
OKLAHOMA CITY, May 23, 2002 (PRIMEZONE) -- Canaan Energy Corporation (Nasdaq:KNAN) today announced that it has set June 28, 2002 as the date of the special shareholders meeting to approve the previously announced proposed acquisition of Canaan by Chesapeake Energy Corporation (NYSE:CHK). The proxy statement relating to the transaction will be mailed to the Canaan shareholders on or about May 24, 2002. Closing of the transaction, in which Canaan's shareholders will receive $18 per share in cash, is expected to occur on the same date if the proposal is approved.