CALGARY, Canada - Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX: AXC and LSE: AXC) announced today that the definitive agreement (the "Acquisition Agreement") with Sinopec International Petroleum Exploration and Production Corporation ("SIPC") pursuant to which SIPC has agreed, subject to the terms of the Acquisition Agreement, to make an offer to acquire all of the outstanding common shares of Addax Petroleum by way of a negotiated take-over bid for C$52.80 per common share has been filed with the Canadian and U.K. securities regulatory authorities. A copy of this document may be obtained via www.sedar.com and www.londonstockexchange.com.
MCKINNEY, Texas - Torchmark Corporation (NYSE: TMK) announced today that it has priced an offering of US$300 million in aggregate principal amount of 9.25% Senior Notes that will mature in 2019. Torchmark expects the offering to close on June 30, 2009, subject to the satisfaction of customary closing conditions. The net proceeds of the offering will be used for the repayment of the US$99.45 million in aggregate principal amount of Torchmark's 8.25% Senior Debentures that mature on August 15, 2009, and general corporate purposes.
AMSTERDAM - Today the court in Amsterdam delivered judgement in the summary hearing brought by Fortis Capital Company Ltd. ('FCC') against Fortis N.V. and Fortis SA/NV (the 'Fortis Holdings'). FCC is pleased to report that the court has ruled in its favour.
DALLAS - - Increase service levels, lower inventories, and connect International and Domestic Logistics Operations
CAMBRIDGE, Massachusetts - Soaring demand for mobile broadband services in Malaysia, driven in part by intense competition, will result in higher-than-expected growth rates for telecom operators in that nation through 2014, according to a new report from Pyramid Research (www.pyr.com), the telecom research arm of the Light Reading Communications Network (www.lightreading.com).
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