latest news releases from the newsroom
Norsk Hydro Strengthens Upstream Focus, Announces Strategy Shift in Aluminium
OSLO, Norway, Dec. 15, 2005 (PRIMEZONE) -- Norsk Hydro ASA expects record-high earnings for 2005 due to high oil prices and improved aluminium prices, continued operational improvements and increased production of primary aluminium, the Norwegian energy and aluminium company said at its Capital Markets Day. For 2006, Hydro will further step up exploration activities and ensure value creation from its strengthened oil and gas resource base. The company will shift its strategy in Aluminium, repositioning and strengthening its upstream business, while implementing urgent measures to turn around downstream activities.
Marco's Franchising, LLC
Marco's Pizza to Offer Electronic Gift Cards
TOLEDO, Ohio, Dec. 15, 2005 (PRIMEZONE) -- Marco's Pizza, the 27-year-old 145-unit chain founded here by Italian native Pasquale "Pat" Giammarco, will offer consumers electronic gift cards good at any of the Marco's Pizzas in Ohio, Indiana, Michigan, Nevada and Arizona.
Stora Enso Oyj
Stora Enso Shares Converted and North American Stock Options Exercised
HELSINKI, Finland, Dec. 15, 2005 (PRIMEZONE) -- Stora Enso (NYSE:SEO) today announced that during the 1-30 November 2005 conversion period there were two conversions and a total of 1,980 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 December 2005, and trading in the new R shares will start on 16 December 2005.
Petroleum Geo-Services ASA
PGS Extends Expiration Date of Tender Offer for 10 Percent Senior Notes Due 2010
OSLO, Norway, Dec. 15, 2005 (PRIMEZONE) -- Petroleum Geo-Services ASA ("PGS" or the "Company") (OSE:PGS) (NYSE:PGS) announced today that the expiration date in respect of its cash tender offer and consent solicitation for any and all of its outstanding $745.9 million aggregate principal amount of 10% Senior Notes due 2010 (the "Notes") has been extended to 8:00 a.m., New York City time, on December 16, 2005, unless further extended or earlier terminated. As of 8:00 a.m., New York City time, on December 14, 2005, tenders representing approximately 99% of the $745.9 million aggregate principal amount of the Notes had been received. Holders who have previously tendered Notes do not need to re-tender their Notes or take any other action in response to this extension.
Metso's Nomination Committee Representatives
HELSINKI, Finland, Dec. 15, 2005 (PRIMEZONE) -- Metso's Nomination Committee, establish by the Annual General Meeting, prepares proposals on the composition of the Board of Directors along with the director remuneration for the next Annual General Meeting, which is planned to be held on April 4, 2006. The Nomination Committee consists of the representatives named by the four biggest registered shareholders as of December 1, 2005 along with the Chairman of Metso's Board of Directors as an expert member.