Stock Trading - T-3 Energy Services, Inc. Announces Disposition of 4.5 Million Shares by First Reserve Fund VIII, L.P.
T-3 Energy Services, Inc. Announces Disposition of 4.5 Million Shares by First Reserve Fund VIII, L.P.
HOUSTON, Nov. 30, 2006 (PRIME NEWSWIRE) — T-3 Energy Services, Inc. ("T-3") (Nasdaq:TTES) today announced that First Reserve Fund VIII, L.P. ("First Reserve Fund VIII") sold 4,500,000 shares of common stock of T-3 in a series of block trades. First Reserve Fund VIII, which first capitalized T-3 in 2000, is managed by First Reserve Corporation ("First Reserve"), a private equity firm specializing in the energy industry. Prior to the sale, First Reserve beneficially owned approximately 84.8% of T-3's outstanding common stock through First Reserve Fund VIII. Following the sale, First Reserve beneficially owns approximately 44.3% of T-3's common stock.
Business Leaders Optimism Keeps Falling, PricewaterhouseCoopers Survey Finds
NEW YORK, Nov. 30, 2006 (PRIME NEWSWIRE) — For the third consecutive quarter, senior executives of U.S.-based multinationals are less optimistic about the U.S. economy leading them to reassess their own companies'revenue growth projections for the next 12 months.
Budget Waste Inc. Preparing Form 211; Intends to Become'Reporting Company'
CALGARY, Alberta, Nov. 30, 2006 (PRIME NEWSWIRE) — Budget Waste Inc. (Pink Sheets:BDGW) announced that it is in the process of preparing all necessary information so its market maker can file an updated Form 211 with the NASD. The Company's auditors are presently working to complete an audit of all entities in the consolidated group. As soon as the audit is completed, the Company will be filing a Form 10-SB with the U.S. Securities and Exchange Commission so that the Company will become a"reporting company"and thereafter eligible for listing on the Over the Counter Bulletin Board.