latest news releases from the newsroom
AB Volvo Announces Share Repurchase
GOTEBORG, Sweden, Nov. 25, 2004 (PRIMEZONE) -- Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Wednesday, November 24, acquired 200,000 series B shares. The shares were traded between SEK 272.50 and 275.50 with an average price of SEK 274.04.
United Online, Inc.
United Online Reduces Number Of Shares Subject to Dutch Tender Offer and Extends the Expiration Date
WOODLAND HILLS, Calif., Nov. 24, 2004 (PRIMEZONE) -- United Online, Inc. (Nasdaq:UNTD) announced today that the number of shares that it is offering to purchase in its previously announced Dutch auction tender offer is reduced from 16,666,666 shares to 14,285,714 shares, or approximately 23.4% of its outstanding common stock, representing the maximum number of shares that could have been purchased by United Online at the maximum offer price under the original tender offer. The offer price range remains at not less than $9.00 nor more than $10.50 per share. United Online is extending the expiration date of the tender offer to 12:00 midnight, New York City time, on Wednesday, December 8, 2004.
Wellington Underwriting plc
Wellington Underwriting plc Announces Completion of Acquisition
LONDON, Nov. 24, 2004 (PRIMEZONE) -- Further to its announcement of 25 June 2004, Wellington Underwriting plc (Wellington) is pleased to announce the completion of the purchase of AXA Corporate Solutions Excess and Surplus Lines Insurance Company following the receipt of final regulatory approvals. The company has been renamed Wellington Specialty Insurance Company (Wellington Specialty), and the capital and surplus of the company increased to US$30m through a capital contribution by Wellington.
Portrush Petroleum Corp.
Portrush to Revisit Alberta Cranberry/Botha Prospect
VANCOUVER, British Columbia, Nov. 24, 2004 (PRIMEZONE) -- Portrush Petroleum Corporation (OTCBB:PRRPF) (TSX Venture Exchange:PSH) wishes to announce that drilling of the next seven locations on its Mission River project in Texas has been delayed due to inclement weather in the area. Heavy rains for the past two weeks have wreaked havoc in the drilling areas of the project with some locations eighteen inches under water. The drill pads have been constructed and remain intact. Many active drilling rigs in the county, around 31, have been evacuated.
QLogic Executives to Present at Credit First Suisse Technology Conference
ALISO VIEJO, Calif., Nov. 24, 2004 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that H.K. Desai, chairman, CEO and president, and Tony Massetti, vice president and CFO, will deliver a company presentation at the Credit First Suisse Boston Annual Technology Conference, Wednesday, Dec. 1 at 10 a.m., at the Phoenician Hotel in Scottsdale, Ariz.