Stone Arcade Stockholders Approve Acquisition of the Kraft Papers Business, a Division of International Paper Company (Stock Trading)
Stone Arcade Stockholders Approve Acquisition of the Kraft Papers Business, a Division of International Paper Company
NORTHFIELD, Ill., Dec. 29, 2006 (PRIME NEWSWIRE) — Stone Arcade Acquisition Corporation (OTCBB:SCDE) announced today that at a special meeting held today its stockholders approved the Company's previously-announced proposed acquisition of the Kraft Papers Business ("KPB"), a division of International Paper Company. Of the 23,661,853 votes cast at the meeting (representing 94.6% of the Company's total outstanding shares), 99.8% voted in favor of the acquisition of KPB. Holders of 40,000 shares issued in the Company's initial public offering voted against the acquisition and elected to have such shares redeemed into a pro rata portion of the IPO trust account. As previously announced, Stone and International Paper Company extended the termination date of the acquisition until January 5, 2007. Accordingly, it is expected that the Company will close on the acquisition of KPB in the next several days.
Metso Completes the Acquisition of Aker Kvaerner's Pulping and Power Businesses
HELSINKI, Finland, Dec. 29, 2006 (PRIME NEWSWIRE) — Metso Corporation has completed the acquisition of Aker Kvaerner's Pulping and Power businesses. The businesses were transferred to Metso on December 29, 2006. The European Commission clearance for the acquisition was received on December 12, 2006.
NASDAQ to Close On Tuesday, January 2, 2007 in Remembrance of President Gerald Ford
NEW YORK, Dec. 28, 2006 (PRIME NEWSWIRE) — In memory of President Gerald Ford and in accordance with our country's national day of mourning The Nasdaq Stock Market, Inc. ("NASDAQ(r)") (Nasdaq:NDAQ) will be closed on Tuesday, January 2, 2007.
Collins Group Expands Alabama Portfolio With $155M Colonial Properties Buy
BROOKLYN, New York, Dec. 29, 2006 (PRIME NEWSWIRE) — Ari Parnes, Managing Director of Collins Group LLC, announced this week the Group's acquisition of three Alabama communities from Colonial Properties Trust (NYSE:CLP). The 2,284-unit Colonial Properties Portfolio in Birmingham and Huntsville was a boon of some $155 million. GE Capital (NYSE:GE) provided financing. New Jersey-based Lightstone Group participated as a joint venture investor.
TASER International Receives Three Significant International Orders for TASER Devices and Accessories
SCOTTSDALE, Ariz., Dec. 28, 2006 (PRIME NEWSWIRE) — TASER International, Inc. (Nasdaq:TASR), a market leader in advanced electronic control devices announced today that it received three significant international orders for TASER(r) X26 devices plus accessories totaling over $2,300,000.
Component Changes Made to Dow Jones Telecommunication Titans 30 Index
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) — Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones Telecommunication Titans 30 Index.
Beach First National Bancshares, Inc. 3 for 2 Stock Split Trades Ex-Dividend
MYRTLE BEACH, S.C., Dec. 28, 2006 (PRIME NEWSWIRE) — Beach First National Bancshares, Inc., (Nasdaq:BFNB) announces that December 22, 2006 is the ex-dividend date for the previously announced 3-for-2 stock split. The additional shares were distributed on December 21, 2006 to shareholders of record as of December 1, 2006.
Dow Jones Sells Its Minority Interest in Economia to Handelsblatt
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) — Dow Jones&Company announced today that it has sold its 23.5% interest in Economia to majority owner Verlagsgruppe Handelsblatt GmbH for EUR 15.25 million, or about $20 million.
Markets in the U.S. are Closed On January 2, 2007
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) — Please be advised that due to the closing of U.S. exchanges in remembrance of former President of the United States, Gerald R. Ford, some of our indexes will not be calculated and disseminated.
Globix Appoints New Chief Executive Officer
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) — Globix Corporation (AMEX:GEX), a provider of advanced optical networking solutions and services to carriers and large enterprise customers in the Northeast and mid-Atlantic regions, announced today that Kurt Van Wagenen has been promoted to Chief Executive Officer of the Company effective January 1, 2007. In his new role, Mr. Van Wagenen will retain his responsibilities as President and Chief Operating Officer.
Southern Home Medical Signs Letter of Intent to Purchase Apnea RX, Inc.
SPARTANBURG, S.C., Dec. 28, 2006 (PRIME NEWSWIRE) — Southern Home Medical Equipment, Inc. (Pink Sheets:SHMM) announced today the signing of a letter of intent to purchase Apnea RX, Inc. Apnea RX in a durable medical equipment company located in Clemson, S.C. Apnea RX focuses primarily on the sleep market with a secondary focus on respiratory. Based on revenues currently being generated, Apnea RX is projected to finish 2007 with approximate revenues of $600,000.00. Greg Tucker, President of Southern Home Medical stated,"We look forward to the Apnea RX team joining us. The sleep market is an interesting segment of the industry. Eighty to 90 percent of adults with clinically significant sleep disordered breathing remain undiagnosed. Apnea RX is poised to play a significant role in helping those with sleep related issues."
Gold Canyon Resources Inc. Announces Grant of Incentive Stock Options
VANCOUVER, British Columbia, Dec. 29, 2006 (PRIME NEWSWIRE) — Gold Canyon Resources Inc. (TSX-V:GCU) ("Gold Canyon"or"the Company") announces that it has granted incentive stock options to certain directors, senior officers and consultants to purchase an aggregate of 1,075,000 common shares at an exercise price of $0.35 per share, representing the closing price of the Company's common shares on December 28, 2006 as reported on the TSX Venture Exchange (the"Exchange"), less an allowable discount. The options and shares issuable upon exercise, if any, will be subject to a four-month hold period from the date of grant in accordance with Exchange policy. The options expire on December 29, 2008. The grant was pursuant to the Company's Rolling Stock Option Plan, which was re-affirmed by the shareholders of the Company on April 27, 2006 and subsequently accepted by the Exchange.