latest news releases from the newsroom
lastminute.com acquires Med Hotels
LONDON, Dec. 03, 2003 (PRIMEZONE) -- lastminute.com plc, the leading online provider of travel and leisure solutions, today announces the purchase of a UK hotel consolidator and package holiday reseller, Med Hotels (comprising of Med Hotels Limited and Travel Bargains Limited), for 16.1 million which will be satisfied by 8.0 million in cash and the issue of 2,941,176 new shares in lastminute.com plc.
Observer Strengthens its Customer Offering Through US Acquisition
STOCKHOLM, Sweden, Dec. 03, 2003 (PRIMEZONE) -- Observer is strengthening its customer offering by acquiring the US company MediaMap for USD 23 million, and in the process further consolidating its position as the market leader. Observer expects its profit per share and cash flow to be positively affected from the date of acquisition.
Trigen's i.v. Anticoagulant, TGN 255, Successfully Completes Phase I PK/PD Study
LONDON, U.K., Dec. 03, 2003 (PRIMEZONE) -- Trigen Ltd today announced the successful completion of a Phase I dose escalation study for its intravenous direct thrombin inhibitor, TGN 255, which is being developed for the prevention and treatment of thrombosis. Trigen is developing TGN 255 for certain in-hospital and acute care indications where there is a need for safer and more convenient anti-coagulants than are currently available.
Spector Roseman Kodroff & Willis, P.C.
Spector, Roseman, & Kodroff, P.C. Announces Class Action Lawsuit Against Pilgrim Baxter & Associates on Behalf of Purchasers of Certain Pilgrim Baxter Mutual Funds
PHILADELPHIA, Dec. 2, 2003 (PRIMEZONE) -- The law firm of Spector, Roseman & Kodroff, P.C. announces that a class action lawsuit has been filed against Pilgrim Baxter & Associates ("Pilgrim Baxter") on behalf of all purchasers, redeemers and holders of shares of PBHG Growth Fund (NASDAQ: PBHGX), PBHG Emerging Growth Fund (NASDAQ: PBEGX), PBHG Large Cap Growth Fund (NASDAQ: PBHLX), PBHG Select Growth Fund (formally known as PBHG Select Equity Fund) (NASDAQ: PBHEX), PBHG Focused Fund (formally known as PBHG Focused Value Fund) (NASDAQ: PBFVX), PBHG Large Cap Fund (formally known as PBHG Large Cap Value Fund) (NASDAQ: PLCVX), PBHG Large Cap 20 Fund (NASDAQ: PLCPX), and others in the PBHG Mutual Funds, which are managed by Pilgrim Baxter from November 13, 1998 through November 13, 2003.
UTi Worldwide Signs Definitive Agreements to Acquire South African Pharmaceutical Logistics Provider
RANCHO DOMINGUEZ, Calif., Dec. 2, 2003 (PRIMEZONE) -- UTi Worldwide Inc. (Nasdaq:UTIW) today announced the signing of definitive agreements to acquire South Africa-based International Healthcare Distributors (Pty.) Limited (IHD). The pending transaction will further expand UTi's global contract logistics business and deepen its capabilities in the pharmaceutical distribution arena. Under the agreements, IHD will be acquired by a partnership, which will be 74.9% owned by UTi and 25.1% owned by a South African, broad-based black economic empowerment (BEE) organization. The purchase price will total approximately $40 million in cash, which includes a loan of approximately $17 million from UTi to the partnership.