latest news releases from the newsroom
Education Management Corporation
Education Management Corporation Completes Merger with Argosy Education Group, Inc.
PITTSBURGH, Dec. 21, 2001 (PRIMEZONE) -- Education Management Corporation (Nasdaq:EDMC) announced today that it has completed its merger with Argosy Education Group, Inc. Argosy's shareholders approved the merger agreement at a special meeting held on October 31, 2001, subject to the satisfaction of certain conditions, including approval of the Department of Education, which was recently received. Under the terms of the merger agreement, Argosy's shareholders will receive $12.00 per share. There are approximately 6.5 million shares outstanding, including 4.9 million shares previously purchased by EDMC in escrow under a related stock purchase agreement.
PurchasePro Secures Commitment For $15 Million of Equity Financing
LAS VEGAS, Dec. 21, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that it has entered into a common stock purchase agreement with Fusion Capital Fund II, LLC, a Chicago-based institutional investor, under which PurchasePro has received a commitment for the purchase of up to $15 million of PurchasePro common stock from the company, at PurchasePro's discretion.
Cauley Bowman Carney & Williams, PLLC
Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Lexmark International, Inc. on Behalf of Investors -- LXK
LITTLE ROCK, Ark., Dec. 21, 2001 (PRIMEZONE) -- The Law Firm of Cauley Geller Bowman & Coates, LLP announced today that a class action has been filed in the United States District Court for the Eastern District of Kentucky on behalf of purchasers of Lexmark International, Inc. ("Lexmark" or the "Company") (NYSE:LXK) common stock during the period between March 20, 2001 and October 22, 2001, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at http://www.classlawyer.com/pr/lexmark.pdf.
Ahold Acquires Brazilian Food Retailer G. Barbosa
ARACAJU, Brazil and ZAANDAM, The Netherlands, December 21, 2001 (PRIMEZONE) -- Ahold (NYSE:AHO), the international food retail and foodservice company, today announced it has signed an agreement to acquire the operational assets of Brazilian supermarket company G. Barbosa. A family owned company, G. Barbosa operates 32 hypermarkets and supermarkets in the northeastern Brazilian states of Sergipe and Bahia with sales of approximately Euro 300 million. The acquisition strengthens Ahold's existing operation in Brazil under the Bompreco brand name. Bompreco is headquartered in Recife, Pernambuco.
World Investor Link Announces 39 Informed Investors Onsite and Virtual Investor Events for 2002
RICHMOND, Va., Dec. 21, 2001 (PRIMEZONE) -- Informed Investors has scheduled 39 Forums for 2002, focusing primarily on the Biotechnology and Technology sectors. Eleven of the Forums are scheduled to be on-site events, with attendees seeing company executive presentations in person at locations throughout the country, plus a first-time visit to Canada. The other 28 Forums will be "virtual," i.e. web cast over the Internet only. All on-site Forums are simultaneously web cast.