latest news releases from the newsroom
AerotechTelub in EU project
LINKOPING, Sweden, May 7, 2002 (PRIMEZONE) -- AerotechTelub Information & Media AB is taking part in an EU project together with two companies from Italy. The project will develop information solutions with interactive 3D for the vehicle industry. AerotechTelub's project budget amounts to SEK2.6 million.
Recommended Offer from Microsoft Corporation to the Shareholders of Navision a/s
COPENHAGEN, Denmark, May 7, 2002 (PRIMEZONE) -- On April 30, 2002, the Board of Directors of Navision a/s ("Navision") confirmed that it was considering a possible strategic transaction on which basis the Copenhagen Stock Exchange was requested to transfer Navision to the "Observation List." The negotiations following the announcement on April 30, 2002, have now resulted in a public offer (the "Offer") from Microsoft Corporation ("Microsoft") for all outstanding shares in Navision. According to the terms of the Offer, for each Navision share, Microsoft is offering a cash consideration of DKK 300, or upon election by a shareholder, a number of Microsoft shares based on the exchange ratio. The exchange ratio is calculated by dividing DKK 300 by the average closing price of Microsoft shares, adjusted for the currency exchange rate, for the five day trading period ending on the third business day prior to expiry of the Offer.
Nordea to Acquire LG Petro Bank in Poland
STOCKHOLM, Sweden, May 7, 2002 (PRIMEZONE) -- Nordea today signed a conditional share purchase agreement with LG of Korea to purchase 54.3 percent of the shares in the Polish bank LG Petro Bank. Nordea will make a tender offer for all outstanding shares in LG Petro Bank.
Satisfactory Performance in Challenging Markets for Statoil
OSLO, Norway, May 7, 2002 (PRIMEZONE) -- Statoil (OSE:STL) (NYSE:STO) achieved a profit of NOK 10 billion before financial items, income taxes and minority interest (EBIT) for the first quarter of 2002. This compares with NOK 15.4 billion for the same period of last year. Earnings per share came to NOK 1.39 (USD 0.16) as against NOK 2.19 (USD 0.24) for the first quarter of 2001.
Astex and Maybridge Announce Exclusive Lead Discovery Collaboration
CAMBRIDGE, U.K. and CORNWALL, U.K., May 7, 2002 (PRIMEZONE) -- Astex Technology, the private, structure-based drug discovery company, and Maybridge plc, a world leader in the supply of small molecule screening compounds, building blocks and associated chemistries, today announced a collaboration based on in silico screening of proprietary molecular libraries and synthetic chemistry. The collaboration combines Astex's unique approach to structure-based screening with Maybridge's vast collection of proprietary chemistries.