VocaLink Restructures Company to Support International GrowthLONDON, November 16 - VocaLink, the payment transaction specialists, today announced a Hudson Highland Group Reports 2009 Third Quarter Financial ResultsNEW YORK - Hudson Highland Group, Inc. (Nasdaq: HHGP), one of the world’s leading providers of permanent recruitment, contract professionals and talent management solutions, today announced financial results for the third quarter ended September 30, 2009. Court Confirms Hayes Lemmerz International, Inc.’s Plan of ReorganizationNORTHVILLE, Michigan - Hayes Lemmerz International, Inc. (”Hayes” or the “Company”) announced today that the United States Bankruptcy Court for the District of Delaware (the “Court”) has confirmed a plan of reorganization for the Company and substantially all of its U.S. subsidiaries that will significantly improve the Company’s balance sheet and reduce its leverage. The Company’s total consolidated prepetition funded indebtedness of approximately US$720 million is expected to be reduced to approximately US$240 million upon emergence from Chapter 11. Expanding the Perimeter With The Stephen Hawking Centre at PIWATERLOO, Canada - - Canada’s Perimeter Institute Shares Bold Plans for the Future Canada’s Perimeter Institute for Theoretical Physics (PI) has announced ambitious plans to strengthen its position as a leading research institute. The comprehensive advancement program, ‘Expanding the Perimeter’, will continue to bring together public and private sector partners with a passion for the transformative power of basic research, building on PI’s celebrated and highly successful public-private funding model. Lenders Agree on BAVARIA Yachtbau GmbH RestructuringGIEBELSTADT, Germany - BAVARIA Yachtbau GmbH (”BAVARIA”) today announced that Anchorage Advisors, L.L.C. (”Anchorage”) and Oaktree Capital Management (”Oaktree”), who collectively control approximately 95 percent of BAVARIA’s EUR960 million debt facilities, have signed a binding agreement to restructure the company’s balance sheet. The restructuring will create an industry leading balance sheet through a capital injection of EUR55 million in cash and the write-down of over 90 percent of the senior and junior debt tranches. Anchorage and Oaktree have been working collaboratively with Bain Capital (”Bain”), and look forward to Bain’s continued involvement upon consummation of the agreement, which is subject to regulatory and anti-trust clearance. Ideaworks3D Lays Out New Strategy by Refocusing as Ideaworks Labs and Ideaworks Game StudioLONDON - Ideaworks3D Ltd today announced a formal separation of its company activities under two new trading names. American Capital Announces Closure of European Capital Financial Services’ Frankfurt OfficeBETHESDA, Maryland - American Capital Ltd. (Nasdaq: ACAS), parent company of European Capital Financial Services Ltd. (”ECFS”), today announced the closure of its Frankfurt affiliate. The closure of the Frankfurt office is in response to the global downturn in the private equity markets over the past two years. The assets originated by the Frankfurt office of European Capital will continue to be owned by European Capital Limited and continue to be managed by the London branch of ECFS, headed by Nathalie Faure Beaulieu. Gammon Gold Announces Retirement of President and Chairman Mr. Fred George and Changes to the Board of DirectorsHALIFAX, Canada - Gammon Gold Inc. (”Gammon Gold” or the “Company”) (TSX:GAM and NYSE:GRS) announces the retirement of Mr. Fred George as President, Chairman and a member of the Board of Directors of Gammon effective October 13, 2009. Rene Marion, currently Chief Executive Officer, will subsequently be appointed as President and will continue as Chief Executive Officer. Strengthened Management Structure at Orient-Express HotelsHAMILTON, Bermuda - Orient-Express Hotels Ltd. (NYSE: OEH) (www.orient-express.com), owners or part-owners and managers of 50 luxury hotel, restaurant, tourist train and river cruise properties operating in 25 countries, today announced changes to its management structure, designed to strengthen the senior team to serve the needs of the business going forward. Novasep Gains SafeBridge(R) “Potent Compound Safety Certification” for its Le Mans FacilityPOMPEY, France - Novasep is pleased to announce that its site in Le Mans - France, specialized in the development and manufacturing of Highly Potent Active Pharmaceutical Ingredients (HPAIs), has received the “Potent Compound Safety Certification” from SafeBridge(R) Consultants, Inc. BIWE Technologies’ Directors Announce Successful RecapitalisationLONDON - - Recapitalisation Backed by Largest Shareholder - Gives the Company Strong Platform for Continued Success /C O R R E C T I O N — BIW Technologies Limited/LONDON - In the news release, “BIWE Technologies’ Directors Announce Successful Recapitalisation” issued on 3 Sep 2009 13:29 GMT, by BIW Technologies Limited over PR Newswire, we are advised by a representative of the company that the headline should be revised to “AIM-bound BIW Technologies Announces Successful Recapitalisation - the Firm is Key Player in the Construction of the 2012 London Olympic Village”. The two subheaders should also be displayed as one: “Recapitalisation Backed by Largest Shareholder Gives the Company Strong Platform for Continued Success” as incorrectly transmitted by PR Newswire. Itau Unibanco and Porto Seguro Announce Signing of Operational AgreementSAO PAULO - Itau Unibanco Holding S.A. (”Itau Unibanco”) and Porto Seguro S.A. (”Porto Seguro”) disclose to the market that on August 23, 2009, they entered into an alliance aimed at the unification of residence and automobile insurance operations, in addition to an Operational Agreement for the exclusive offer and distribution of homeowner and auto insurance products to clients of Itau Unibanco’s branch network in Brazil and Uruguay (”Alliance”). GST Reaches Agreement with Senior Lenders on Restructuring Plan; Files Plan of ReorganizationGREENSBORO, North Carolina - Global Safety Textiles LLC (”GST”) today announced that it has reached an agreement with a majority of its senior lenders to successfully restructure the Company’s obligations and has filed a Plan of Reorganization with the Bankruptcy Court. Under the Plan of Reorganization, the senior lenders would receive 100% of the equity interest and long-term debt in the reorganized GST Group. Bombay Stock Exchange - United Stock Exchange Form Alliance to Develop Currency & Interest Rate Derivatives MarketsMUMBAI, India - Bombay Stock Exchange Limited (BSE), today decided to take a 15% stake in United Stock Exchange (USE). USE, which will operate as a BSE Group Company, now brings together a consortium of key stakeholders - the exchange, banks, financial institutions - to drive the development and growth of the currency and interest rate derivatives markets. Hearing to Approve Hayes Lemmerz International, Inc. Disclosure Statement Adjourned to August 18, 2009; Restructuring Continues as PlannedNORTHVILLE, Michigan - Hayes Lemmerz International, Inc. (”Hayes” or the “Company”) announced today that the hearing to approve the disclosure statement with respect to its proposed plan of reorganization (the “Plan”) has been adjourned to August 18, 2009. The Plan and disclosure statement were filed with the United States Bankruptcy Court for the District of Delaware on July 2, 2009 and the hearing to approve the disclosure statement was originally scheduled for July 30, 2009. The three-week adjournment will allow the Company additional time to continue negotiations with creditors and other constituents with respect to the final Plan. The Company already has the overwhelming support of its senior secured lenders regarding the reorganization contemplated by the Plan. Important Reorganization of Valeo to Enhance Profitability and Improve EfficiencyPARIS - Valeo today announced an important change in its organizational structure in order to enhance profitability and improve the Group’s efficiency given the growing globalization of its markets and customers. The new simplified structure, organized around four Business Groups and a strengthening of the role of the country organizations, is designed to accelerate the growth of the Group’s product families in all of its markets and improve efficiency. Hayes Lemmerz International, Inc. Files Proposed Plan of Reorganization and Disclosure StatementNORTHVILLE, Michigan - Hayes Lemmerz International, Inc. (”Hayes” or the “Company”) announced today that it has filed a proposed plan of reorganization (the “Plan”) and disclosure statement with the United States Bankruptcy Court for the District of Delaware (the “Court”). If confirmed by the Court, the Plan provides that the Company’s debtor-in-possession (”DIP”) lenders and prepetition secured lenders would own substantially all of the common stock of the reorganized Company and all of its global manufacturing locations, upon its emergence from Chapter 11. Yucaipa Leads US$2.0 Billion Global Restructuring of EimskipLOS ANGELES - - Also announces a major investment in Versacold, the largest global integrated cold storage network IBM Expands its Software Development Lab in IrelandDUBLIN - - Draws on Skilled Workforce to Grow Intelligent Software IBM (NYSE: IBM) today announced new investments for its Ireland Development Lab to produce intelligent software, which help lower cost of operations; generate intelligence for quick growth; and build closer business relationships with customers, partners and colleagues. New jobs will be created for high value software engineering work at the lab, which addresses real-world issues such as environment protection projects and maritime affairs. Nexperience Changes Company Name to Perfecto MobileTEL AVIV, Israel - New Name Highlights Company’s Mission to Improve the Quality of Mobile Applications and Services Final Expiration Date for Offer for RMBS Securities Insured by Syncora Guarantee Inc. Extended to June 3, 2009; Results of Offer as of June 2, 2009NEW YORK - The BCP Voyager Master Funds SPC, Ltd., acting on behalf of and for the account of, the Distressed Opportunities Master Segregated Portfolio (the “Fund”), today announced that it has extended the expiration date of the Fund’s offer for 55 classes of residential mortgage backed securities (”RMBS”) insured by Syncora Guarantee Inc. (”Syncora Guarantee”) to 11:59 p.m., New York City time, on Wednesday, June 3, 2009. The Fund also announced the results of the offer and the status of certain discussions with holders of RMBS as of June 2, 2009. DST International Re-Launches as DST Global SolutionsLONDON - DST International today announced the re-launch of its business under the name DST Global Solutions Ltd (R). The name change reflects both the global nature of the firm’s operations and a more universal approach to delivering solutions that support its clients’ broader business needs. Living Designs Expands Into Full-Service CommunicationsLONDON - Design & communications agency Living Designs today relaunches as Living Group with a brand new PR division rounding out a full complement of design, digital and communications services. Klarius Invests GBP1.2M in UK Manufacturing and R&D, Fuelled by Impressive Export Growth in the Automotive Aftermarket SectorBLACKPOOL, England - With Photo One of Europe’s largest independently owned automotive manufacturing concerns, Klarius Group, is currently enjoying success in a challenging market having invested GBP1.2m in its UK manufacturing and R&D facilities over the last eighteen months. The investment has gone into moving production arrangements over to lean manufacturing, fast track product development for exhausts and catalytic converters and in-house logistics facilities. Fidelity National Information Services, Inc. to Acquire Metavante Technologies, Inc.JACKSONVILLE, Florida and MILWAUKEE - Combination to create the world’s largest provider of comprehensive integrated payment and financial core processing services EDCI Holdings, Inc. Announces EDC to Consolidate Blackburn-Hannover Disc VolumesNEW YORK - EDCI Holdings, Inc. (Nasdaq: EDCI) (”the Company”), the holding company |
