latest news releases from the newsroom
MTG Wins Rights to Lennox Lewis / Mike Tyson Fight
STOCKHOLM, Sweden, April 29, 2002 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY), the international media group, today announced that it has acquired the Scandinavian TV broadcasting rights to the "Fight of the century" between Lennox Lewis and Mike Tyson on Saturday, June 8. Viasat Broadcasting will be selling tickets to watch the World Championship fight live and exclusive on Viasat Ticket, MTG's dedicated Pay per view TV channel.
Canaan Energy Corp.
Canaan Energy -- Investor Success Story
OKLAHOMA CITY, April 29, 2002 (PRIMEZONE) -- The announcement of Canaan Energy Corp's (Nasdaq:KNAN) agreement with Chesapeake Energy Corporation (NYSE:CHK) to sell all of its outstanding shares for $18 per share is the culmination of a long term growth strategy for Canaan, an Oklahoma City based energy company. The price of Canaan's common stock has risen dramatically since Chesapeake began expressing interest in acquiring Canaan shares in November 2001. The $18 per share merger price represents a 137% premium over Canaan's closing stock price of $7.60 on November 26, 2001, the last trading day before Canaan's public announcement of Chesapeake's interest in acquiring Canaan shares and a 97% premium to Canaan's closing price of $9.15 on March 11, 2002, the day Chesapeake announced its intention of commencing a tender offer at $12 per share.
The Pomerantz Firm Charges Merrill Lynch and Henry Blodget With Securities Fraud
NEW YORK, April 29, 2002 (PRIMEZONE) -- Merrill Lynch & Co., Inc. ("Merrill Lynch") and its former star Internet research analyst Henry M. Blodget ("Blodget") are charged with issuing misleading analyst reports about At Home Corporation, doing business as Excite@Home ("Excite" or the "Company"), according to allegations in a Complaint filed by Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) on behalf of investors who purchased the common stock of Excite during the period from August 18, 1999 through June 20, 2001, inclusive (the "Class Period"). The case was filed in the United States District Court for the Southern District of New York. Defendants are charged with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Alera Technologies Takes DVD+RW Prices to New Lows; Up to 50% off Alera Technologies DVD+RW Blank Recording Media
VAN NUYS, Calif., April 29, 2002 (PRIMEZONE) -- Alera Technologies, developer and manufacturer of Advanced Optical Recording Solutions, announced today price reductions of up to 50% on DVD+RW blank recording media for its DVD+RW Recording products. The DVD+RW Media supports the broadly playable DVD+RW format. Recordings made with the popular new DVD+RW technology can be played back on most DVD set top players and standard computer DVD-ROM drives, providing video professionals and home users exactly what they need for recording and exchanging their DVD creations.