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Nordion and Dr. Reddy's Laboratories Settle Claims

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By Business Wirevia The Motley Fool

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Nordion and Dr. Reddy’s Laboratories Settle Claims

OTTAWA, Ontario–(BUSINESS WIRE)– Nordion Inc. (TSX: NDN) (NYS: NDZ) , a leading provider of products and services to the global health science market, has settled claims filed against Nordion by Dr. Reddy’s Laboratories Ltd. and certain affiliated companies (“Dr. Reddy’s”). Details of the settlement are confidential.

During fiscal 2009, Nordion was served with a Complaint from Dr. Reddy’s related to repeat study and mitigation costs of $10 million and lost profits of $70 million. This legal action, commenced by Dr. Reddy’s in New Jersey, related to certain bioequivalence studies carried out by the former MDS Pharma Services business unit from January 1, 2000 to December 31, 2004.

The settlement is expected to result in a loss of US$1.4 million for the Company after taking into account financial reserves maintained by the Company in relation to the claim. The settlement, most of which is covered by insurance, will result in a net cash outflow of US$17 million that includes insurance proceeds received to date. Nordion intends to report these items in its quarterly reporting for its second fiscal quarter of 2013.

About Nordion Inc.

Nordion Inc. (TSX: NDN) (NYS: NDZ) is a global health science company that provides market-leading products used for the prevention, diagnosis and treatment of disease. We are a leading provider of targeted therapies, sterilization technologies, and medical isotopes that benefit the lives of millions of people in more than 60 countries around the world. Our products are used daily by pharmaceutical and biotechnology companies, medical-device manufacturers, hospitals, clinics and research laboratories. Nordion has approximately 500 highly skilled employees worldwide. Find out more at www.nordion.com and follow us at http://twitter.com/NordionInc.

Forward-Looking Statements

Certain statements contained in this news release constitute “forward-looking statements”. These statements are based on current beliefs and assumptions of management, however are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. For additional information with respect to certain of these beliefs, assumptions, risks and uncertainties, please refer to Nordion’s Annual Information Form for fiscal 2012 available on SEDAR at www.sedar.com and on EDGAR on www.sec.gov.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Hot Topics Recap:  March Madness 2013

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By Business Wirevia The Motley Fool

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Hot Topics Recap:  March Madness 2013

NEW YORK–(BUSINESS WIRE)– The following releases focus on March Madness 2013:

AMSTERDAM & SAN FRANCISCO– AVG Technologies Offers Security Tips for March Madness Source: AVG

SAN FRANCISCO– Bracketology Goes Social as Fanhood Offers Major Updates to March Madness Betting Source: Fanhood

SAN DIEGO– The UPS Store Helps Small Businesses Score During NCAA® March Madness® Source: UPS

MINNEAPOLIS– Buffalo Wild Wings – The Official Hangout of NCAA March Madness – is Ready for Tip Off Source: Buffalo Wild Wings

MINNEAPOLIS– Buffalo Wild Wings Expands College Sports Alliance with NCAA® Sponsorship Source: Buffalo Wild Wings

NAPLES, Fla.– “The Perfect Game,” Opens in Time for March Madness Source: John Grissmer

MINNEAPOLIS– Buffalo Wild Wings Expands College Sports Alliance with NCAA® Sponsorship Source: Buffalo Wild Wings

About Business Wire

Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Public relations and investor relations professionals rely on Business Wire for both broad-based and targeted market reach. A recognized disclosure service in the United States, Canada and a dozen European countries, Business Wire handles document formatting and regulatory filing into EDGAR, SEDAR and other systems. Professional communicators from public and private companies, government agencies, advocacy groups and more rely on Business Wire for both broad-based and targeted reach — with IR services for public companies and PR services that include Public Policy, LatinoWire and Corporate Social Responsibility. Business Wire provides online newsroom hosting and integration services as well as search engine optimization, mobile distribution and detailed measurement on every press release. Its patented NX delivery platform provides simultaneous full-text posting of Business Wire content to news systems and websites in virtually any country or language. With 31 bureaus worldwide, Business Wire offers local service and global reach.

Learn more at BusinessWire.com and the BusinessWired blog; follow updates on Twitter: @businesswire or on Facebook.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Atlas Announces Exercise of Underwriters Option in US IPO

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By Business Wirevia The Motley Fool

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Atlas Announces Exercise of Underwriters Option in US IPO

CHICAGO–(BUSINESS WIRE)– Atlas Financial Holdings, Inc. (NASDAQ: AFH; TSX.V: AFH) (“Atlas” or the “Company”) today announced that the underwriters of the Company’s recently completed initial public offering have purchased an additional 451,500 ordinary shares from the Company, pursuant to their over-allotment option, at the initial public offering price of $5.85 per share, less underwriting discounts and commissions.

Sandler O’Neill + Partners, L.P. acted as the book-running manager for the offering. Sterne, Agee & Leach, Inc., EarlyBirdCapital, Inc. and Sidoti & Company LLC acted as co-managers for the offering in the United States. Canaccord Genuity Corp. acted as lead underwriter in connection with the offering in Canada.

Atlas filed a registration statement on Form S-1 (File No. 333-183276), including a prospectus, with the SEC for the offering, which was declared effective by the SEC on February 11, 2013. The offering was also made in Canada pursuant to a short form prospectus filed in the provinces of Ontario, Alberta and British Columbia. Prospective investors should read the prospectus in the registration statement and other documents that the Company has filed for more complete information about the Company and the offering. Investors may obtain these documents without charge by visiting EDGAR on the SEC or SEDAR websites at www.sec.gov and www.sedar.com, respectively. Alternatively, copies of the U.S. written prospectus may be obtained from Sandler O’Neill + Partners, 1251 Avenue of The Americas, 6th Floor, New York, NY 10020, (866) 805-4128, and copies of the Canadian short form prospectus may be obtained from Canaccord Genuity Corp., 161 Bay Street, 30th Floor, Toronto, Ontario, Canada, M5J 2S1.

The offering was made only by means of a written prospectus forming a part of the effective registration statement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Atlas Financial Holdings, Inc.

The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the “light” commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its …read more
Source: FULL ARTICLE at DailyFinance