Launch of USD $200 Million Bentham IMF Investment Vehicle to Assist Company Scale Up U.S. Operations

IMF Bentham Limited (ASX: IMF), the parent company of U.S.-based Bentham IMF (Bentham), has raised a USD $200 million litigation finance funding vehicle together with funds managed and advised by a large U.S. hedge fund (collectively, The Funds). The Funds will invest up to USD $150 million and IMF will invest up to USD $50 million. The funding vehicle, Bentham IMF 1 LLC (Bentham IMF Funding Vehicle), is IMF’s first investment vehicle. IMF will direct all U.S. opportunities to the Bentham IMF Funding Vehicle for three years or such shorter period required to deploy the committed capital. By leveraging its investments in the U.S., IMF is aiming to generate a return from the capital it invests in the Bentham IMF Funding Vehicle that is far superior to the return it would expect to achieve by investing the same amount directly into litigation funding assets.

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Honeywell Technology and Controls Selected for Leading Petrochemicals Project in China

Honeywell (NYSE: HON) declared recently that Zhejiang Petrochemical Co. Ltd. (ZPC) will use a range of process technology from Honeywell UOP, the world’s leading licensor of refining and petrochemical process technology, for a new integrated refining and petrochemical complex in Zhoushan, Zhejiang Province. Honeywell UOP will supply a wide range of technologies in the form of license, design, key equipment, and state-of-the-art catalysts and adsorbents, while Honeywell Process Solutions will provide the process controls and automation systems.

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Orchids Paper Products Company Declares 2016 Fourth Quarter And Year To Date Results

Orchids Paper Products Company (NYSE MKT: TIS) recently stated results for the fourth quarter and year ended December 31, 2016. The following tables provide selected financial results for fourth quarter 2016 contrast to fourth quarter 2015 and the full year 2016 contrast to the full year 2015.

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Cedar Fair Reports Record Results For 2016 On Strong Attendance And Guest Spending Growth

Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, recently stated record financial results for the year ended December 31, 2016. Highlights The Company stated record full-year net revenues of $1.29 billion, up 4% from 2015; net income of $178 million, or $3.14 per diluted limited partner (LP) unit, up $65 million from a year ago. 2016 Adjusted EBITDA was a record $481 million, up 5% from last year. Attendance at Cedar Fair’s parks was a record 25.1 million guests, a 3% increase from 2015; average in-park guest per capita spending raised 2%, to a record $46.90. Higher occupancy rates and average daily room rates at the Company’s resort properties contributed to the record out-of-park revenues of $146 million, a 6% increase from a year ago. The Company remains confident in the strength of its strategy and business model and is on ...

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Hill-Rom Completes Acquisition Of Mortara Instrument

Hill-Rom Holdings, Inc. (“Hill-Rom”) (NYSE: HRC), has accomplished its acquisition of Mortara Instrument, Inc. (Mortara), for $330 million in cash, mainly financed through a private offering of $300 million of senior unsecured notes. Hill-Rom anticipates the structure of the acquisition will allow the company to qualify for a noteworthytax benefit, which at a net present value of about $40 million reduces the effective purchase price to about $290 million.

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Express Scripts Declares 2016 Fourth Quarter and Full Year Results

Express Scripts Holding Company (Nasdaq: ESRX) declared 2016 fourth quarter and full year net income of $1,434.7 million and $3,404.4 million, respectively, or $2.34 and $5.39 per diluted share, respectively. 2016 fourth quarter and full year adjusted earnings per diluted share, as detailed in Table 4, was $1.88 and $6.39, respectively. “We delivered another year of successful performance, not only through financial results, but by providing innovative solutions to assist our patients and clients drive healthier outcomes and lower drug trends,” said Tim Wentworth, CEO and President. “In a year when the focus on drug pricing has never been greater, Express Scripts has held the 2016 growth rate in drug unit costs to 2.5% and lowered the patients’ share of total drug costs per prescription. The fundamentals of our business remain strong as our clinical focus and unwavering alignment with clients facilitates us to lead the industry in developing innovative ...

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Axovant Sciences Declares Dementia Pipeline Updates and Reports Financial Results for the Third Fiscal Quarter and Nine Months Ended December 31, 2016

Axovant Sciences (NYSE:  AXON), a leading clinical-stage biopharmaceutical company focused on the treatment of dementia, recently declared corporate updates and stated financial results for the third fiscal quarter ended December 31, 2016.

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Diplomat Enhances Corporate Governance With Appointment of Ben Wolin to Newly-Created Role of Lead Director

Diplomat Pharmacy, Inc. (NYSE: DPLO), the nation’s leading independent specialty pharmacy, recently declared the appointment of Ben Wolin as independent Lead Director, effective right away. Mr. Wolin, a member of the Company’s Nominating and Corporate Governance Committee and its Audit Committee, was designated to the newly created position by the Company’s independent directors.

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Apollo Medical Holdings Reports 47% Revenue Growth Year Over Year For The 3rd Quarter Of Fiscal Year 2017

Apollo Medical Holdings, Inc. (OTC: AMEH), an integrated population health administration company, recently declared its Fiscal Year 2017 3rd Quarter financial results for the three months ended December 31, 2016. Financial Highlights for the Three Months Ended December 31, 2016 Contrast to the Three Months Ended December 31, 2015 (unaudited): Net revenue of $15.7 million, a boost of 47% as contrast to $10.7 million in the comparable period of 2015. Loss from operations of $1.7 million as contrast to $1.5 million loss in the comparable period of 2015.  The losses were driven by the Company’s continued capital investment in its population health administration infrastructure and personnel for its Next Generation ACO, in addition to costs related to its definitive merger agreement with Network Medical Administration, Inc., which was declared on December 22, 2016. On December 31, 2016, the Company had total assets of $16.8 million, counting cash and cash equivalents of ...

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Wecast Network to Launch Virtual Commerce (“V Market”) Solution in Q2 2017

Wecast Network, Inc. (NASDAQ: WCST) (“Wecast” or the “Company” or “WCST”), declared recently that the Company is presently concluding final testing of a B2B virtual reality (“VR”), augmented reality (“AR”) and artificial intelligence (“AI”) –facilitated commerce technology solution (“V Market”) that will be launched in Q2 2017. Consumer electronics and IT components will be the first product categories launched utilizing Wecast’s SaaS (Software as a Service) B2B V Market solutions. From a high-level perspective, VR is an immersive, three-dimensional, computer-generated environment that a user interacts with while wearing a special headset. AR and 360 degree viewing are less immersive, but can be accessed via the consumers’ own mobile devices. It overlays information or computer-generated content on the real world, as seen through the device’s camera. Both allow customers to move through a store, showroom or warehouse just as they normally would, while simultaneously encountering products in a whole new sensory ...

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