latest news releases from the newsroom
The Jordan Company L.P.
JZ Equity Partners Wins Case Against 3M in U.S. Supreme Court
NEW YORK, June 30, 2004 (PRIMEZONE) -- JZ Equity Partners PLC ("JZEP"), the mezzanine fund managed by Jordan/Zalaznick Advisers, Inc., won a U.S. Supreme court decision today in an anti-trust case against 3M Corporation on behalf of one of its investee companies. JZEP will receive approximately $25 million in ten business days as part of the overall judgment and accrued interest totaling approximately $87.5 million. In addition, there will be reimbursement for attorney fees in amount to be determined.
PRV Approves Merger With Invik
STOCKHOLM, June 30, 2004 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik ("Kinnevik") today announced that PRV, the Swedish Patent and Registration Office, has notified Kinnevik and Invik & Co. AB ("Invik") that it has formally approved the execution of the merger of the two companies.
SageTrade Identifies Large Cap Bargains
NEW YORK, June 30, 2004 (PRIMEZONE) -- SageTrade (http://www.sagetrade.com), an innovative investment service that delivered a 250+% tracked return in 2003, announced today that it has released a report that highlights three large cap bargain stocks. The report details the future growth of these companies and their relative valuation when compared with competitors and key indexes.
PRV Approves Merger With Kinnevik
STOCKHOLM, June 30, 2004 (PRIMEZONE) -- Invik & Co. AB ("Invik") today announced that PRV, the Swedish Patent and Registration Office, has notified Invik and Industriforvaltnings AB Kinnevik ("Kinnevik") that it has formally approved the execution of the merger of the two companies.
Kingsley Coach, Inc.
CORRECTING AND REPLACING: Kingsley Coach Enters Homeland Security Market
ANDOVER, MN, June 30, 2004 (PRIMEZONE) -- Kingsley Coach, Inc. (OTCBB:KNGS) announced today that the Emergency Response Division of its new Commercial Business Unit has been awarded a Purchase Order in excess of $1,000,000 from the Maryland Department of State Police for the first Kingsley Mobile Command Center. Under the terms of the contract, Kingsley Coach will be delivering a customized Command Post Vehicle that can carry multiple communication systems. Production is scheduled to begin immediately.
ForeningsSparbanken increases its holding in BGC Holding AB
STOCKHOLM, June 30, 2004 (PRIMEZONE) -- Today ForeningsSparbanken has reached an agreement to purchase 17 percent of the shares in BGC Holding AB (Bankgirocentralen) from Nordea. As a result, ForeningsSparbanken will hold 29,2 percent of the shares in BGC Holding AB. The acquisition will be carried out on condition of the approval of relevant authorities.