Stock Trading - Stolt-Nielsen S.A. Receives Prepayment on Sale of Marine Harvest Shareholding
Stolt-Nielsen S.A. Receives Prepayment on Sale of Marine Harvest Shareholding
LONDON, March 30, 2006 (PRIMEZONE) — Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo Stock Exchange:SNI), reported today that the Company had received proceeds of EUR 293.8 million (approximately $352.5 million at the current exchange rate) from the sale of its 25% shareholding in Marine Harvest N.V., as announced on March 6, 2006. As previously announced, the Company expects to record a gain of $80 million on this transaction based upon the estimated value of its investment in Marine Harvest in the second quarter of 2006. The gain will be recorded when the final approval of transaction is received from the regulatory and competition authorities.
Study on Political Risk Management by PricewaterhouseCoopers and Eurasia Group Reveals Multinational Companies Need a Rigorous Political Risk Management Framework
NEW YORK, March 30, 2006 (PRIMEZONE) — Even the most risk averse companies are chasing new opportunities abroad, following customers and resources and seeking out lower cost suppliers in new markets, yet 73 percent do not feel that they are effectively managing these new political landscapes, according to a new study of over 100 multinational firms jointly conducted by PricewaterhouseCoopers (PwC), a global leader in enterprise risk management, and Eurasia Group, a leading political risk consulting firm. The two firms have formed an alliance to help international organizations integrate political risk management into their overall enterprise risk management process, enabling them to make better and more informed business decisions regarding their international strategy and operations.
Component Changes Made to Dow Jones U.S. Select Dividend Index and Dow Jones Oil&Gas Titans 30 Index
NEW YORK, March 29, 2006 (PRIMEZONE) — Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones U.S. Select Dividend Index and the Dow Jones Oil&Gas Titans 30 Index.
Eternal Energy Corp. Raises $4.33 Million in Second Closing of Private Placement
LITTLETON, Colo., March 29, 2006 (PRIMEZONE) — Eternal Energy Corp. (OTCBB:EERG) announced that it raised approximately $4,333,000 of financing in the second closing of a private placement from issuance of its common stock and warrants to purchase common stock to accredited investors. The second closing occurred on March 29, 2006, which together with the first closing that occurred on March 2, 2006, raised an aggregate of approximately $5,938,000. In connection with the second closing, Eternal Energy issued 8,666,000 units of common stock and common stock purchase warrants, with each unit consisting of one share of its common stock and warrant to purchase one share of its common stock, at a per unit purchase price of $0.50. The warrants have an exercise period of two years and an exercise price of $1.00 per share. The warrants will be exercisable in cash, representing potential additional proceeds of $8,666,000, assuming the warrants are fully exercised in cash. The warrants also provide for cashless exercise under certain circumstances.
E Mobile Expands its Management and Acquires Best Rate Travel USA, Inc.
BOCA RATON, Fla., March 30, 2006 (PRIMEZONE) — E Mobile Information Technologies, Inc. (Pink Sheets:EMTK) announced today a change in management, and expansion in the broadband, Wi-Fi, mobile smartphone content market with an acquisition in the online travel market to take advantage of a growing ecommerce marketplace.