American Farmland Company (the “Company”), announced the pricing of its initial public offering of 6,000,000 shares of its common stock at a public offering price of $8.00 per share. The Company’s common stock is expected to begin trading on October 20, 2015 on the NYSE MKT LLC under the ticker symbol “AFCO.” The Company has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of common stock at the initial public offering price, less underwriting discounts. The offering is expected to close on October 23, 2015, subject to customary closing conditions.

The Company intends to use the net proceeds from the offering to repay $25.0 million of its outstanding indebtedness and for general corporate and working capital purposes, including the funding of capital expenditures for its existing farms.

Deutsche Bank Securities, Citigroup, Raymond James, RBC Capital Markets and FBR are serving as joint bookrunners for the offering. Janney Montgomery Scott, Oppenheimer & Co. and Wunderlich are acting as co-managers.

The offering of these securities is being made only by means of a prospectus. When available, a copy of the final prospectus related to the offering can be obtained from: Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005-2836, Attention: Prospectus Group, Telephone: (800) 503-4611, Email: prospectus.cpdg@db.com; Citigroup, 1155 Long Island Avenue, Edgewood, NY 11717, Attention Broadridge Financial Solutions, Telephone: (888) 603-5847, Email: prospectus@citi.com; Raymond James & Associates, 880 Carillon Parkway, St. Petersburg, FL 33716, Attention: Syndicate, Telephone: (800) 248-8863, Email: syndicate@RaymondJames.com; RBC Capital Markets, Three World Financial Center, 200 Vesey Street, 8^th Floor, New York, NY 10281, Attention: Equity Syndicate, Telephone: (877) 822-4089, Email: equityprospectus@rbccm.com; FBR Capital Markets & Co., 1300 Seventeenth Street North, Arlington, Virginia 22209, Attention: Syndicate Prospectus Department, Telephone: (703) 312-9500, Email: prospectuses@fbr.com.

A registration statement on Form S-11 relating to these securities has been declared effective by the Securities and Exchange Commission (the “SEC”) on October 19, 2015. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About American Farmland Company

American Farmland Company is an internally managed real estate investment trust and a Maryland corporation focused on owning and acquiring a diversified portfolio of high-quality farmland, consisting of mature permanent, specialty/vegetable row and commodity row crop farms, as well as farmland development projects, located in select major agricultural regions throughout the United States. The Company’s portfolio currently consists of 18 farms located on both coasts as well as in the Corn Belt and the Delta regions and consists of approximately 16,136 gross acres of farmland, with more than 21 major crop types (approximately 40 sub-varieties are included).

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws, including statements related to the closing of the initial public offering and the expected use of the net proceeds therefrom. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, without limitation: the satisfaction of customary closing conditions relating to the initial public offering; capital market risks; and the impact of general economic or industry conditions, and other risks and uncertainties detailed in the Company’s registration statement on Form S-11, as amended, filed with the SEC or other risks described in documents subsequently filed by the Company from time to time with the SEC. There can be no assurance that the initial public offering will be completed on the anticipated terms, or at all. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this news release. We intend these forward-looking statements to speak only as of the time of this release and do not undertake any obligation to update any forward-looking statements contained in this release as a result of new information or future events or developments.

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CyberSource, a Visa Inc. (NYSE:V) company, announced the launch of Decision Manager Replay, the industry’s first fraud tuning analytics tool which allows merchants to quickly analyze and adjust their online fraud management strategies.

“Merchants create rules and parameters in their fraud management systems that determine whether a transaction is accepted or denied, based on risk levels,” said Andre Machicao, senior vice president, CyberSource, a Visa Inc. company. “In some cases, the parameters they set might be overly cautious, causing them to lose legitimate, safe business unnecessarily. CyberSource’s new capability allows merchants to back test prior transactions to see what would have happened if they had set different rules.”

With Decision Manager Replay, merchants can perform true “what if” fraud strategy analysis. For example, a merchant can take a batch of recent transactions and run them through the Decision Manager system, re-testing for fraud using more or less stringent risk levels. Through CyberSource’s rich fraud analytics, the system can reconfirm which transactions are fraudulent, and which ones may have been mistakenly flagged for fraud and denied, but were in fact valid. The analysis takes just a few minutes, enabling merchants to quickly adjust their systems to ensure they don’t continue to deny valid transactions or send onto fraud analysts for added review.

According to a 2015 CyberSource North American Fraud Benchmark Report, on average, 27 percent of online orders received by a merchant will be routed to fraud analysts for additional manual review. Of those, roughly 85 percent are ultimately deemed valid and accepted.

“As our business and overall volumes grow, unfortunately fraudulent activity also increases,” said Jamon Whitehead, senior manager of payment and risk operations, Backcountry.com. “Right after we deployed Decision Manager Replay, we were able to more quickly and accurately fine tune our fraud management system to provide more predictable results – which has improved our bottom line without impacting our customer experience.”

“The organized crime rings behind so many of the fraud attacks are able to nimbly evolve their strategies,” said Julie Conroy, research director, Aite Group. “It is more important than ever for merchants to have similar tools, so they can quickly bring data intelligence into their defensive strategies with minimal impact on the customer experience.”

Available immediately, Decision Manager Replay is a new tool of Decision Manager, CyberSource’s flagship online fraud management platform for merchants. Decision Manager features the world’s largest fraud detection radar, which includes insights from more than 60 billion online and offline transactions processed annually by Visa and CyberSource.

For more information about Decision Manager and Decision Manager Replay, please visit: http://www.cybersource.com/products/fraud_management/decision_manager/.

About CyberSource

CyberSource, a wholly-owned subsidiary of Visa Inc., is a payment management company. Over 400,000 businesses worldwide use CyberSource and Authorize.Net brand solutions to process online payments, streamline fraud management, and simplify payment security. The company is headquartered in Foster City, California and maintains offices throughout the world, with regional headquarters in Singapore, Tokyo, Miami / Sao Paulo and Reading, U.K. CyberSource operates in Europe under agreement with Visa Europe. For more information, please visit www.cybersource.com.

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The ATM Industry Association (ATMIA) is proud to announce the appointment of Mr. Srinivasa Katuri to honorary Board membership, as well as acting co-chair for the India Chapter.

Srini has many years of experience in the payments industry in both the USA and India. In addition, he has strong associations with IDRBT, the banking technology arm of Reserve Bank of India (RBI), as well as with the National Payments Corporation of India (NPCI), and other large financial institutions in India. He runs Transaction Analysts (India) Pvt Ltd, a RBI licensed Prepaid Payment Operator, UIDAI licensed AUA and EKYC Agency and Implementation partner of NPCI.

Patrick Cunningham, ATMIA’s Executive Director for India and the Middle East, said, “Srini’s knowledge of the payments industry in India will certainly enhance the promotion of ATMIA and membership of the association. Being a strictly non-profit organisation with global membership exceeding 5,000 members, ATMIA is the only largest international voice of the ATM and payments industry. His expertise will help us to provide its member with a wide range of services and benefits that will be of great advantage to all stakeholders in the Indian market.”

Mike Lee, CEO of ATMIA, added, “Patrick and I look forward to working with Srini in growing ATMIA India in the coming years to the benefit of this amazing market. We all wish him a bright and happy future as we work together.”

About ATMIA

The ATM Industry Association (www.atmia.com), founded in 1997, is a non-profit trade association serving all businesses and groups in the ATM industry. The association is made up of over 5,000 members in 65 countries. We currently represent well over 1.5 million ATMs internationally. For more information go to – www.atmia.com.

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• Q3 revenue of $253.6M, up 11% from year-ago quarter and 6% sequentially
• Q3 EPS of $0.92 per diluted share, up 26% from year-ago quarter, and 28% sequentially
• Q3 cash & short term investments of $980.5M

American Tower Corporation (NYSE: AMT), Tata Teleservices Limited, and SREI Infrastructure Finance Limited announced that they, along with several other minority holders, have entered into a definitive agreement pursuant to which American Tower will acquire a 51% controlling interest in Viom Networks Limited (“Viom”). Viom currently owns and operates approximately 42,200 wireless communications towers and 200 indoor distributed antenna systems across India. The total cash consideration will be INR 76 billion.

At closing, Tata Teleservices Limited will retain a part of its holding, with Macquarie SBI Infrastructure Investments Pte Limited, SBI Macquarie Infrastructure Trust and IDFC Private Equity Fund III retaining certain interests. Under the agreement, American Tower may acquire or be required to acquire all or a portion of the remaining 49% ownership stake in Viom. Additionally, the parties have agreed that, post-closing, American Tower’s existing Indian portfolio of approximately 14,000 towers will be merged with Viom, resulting in certain ownership adjustments.

“With a population of nearly 1.3 billion people, rapidly growing smartphone penetration and limited fixed line infrastructure, India’s vibrant wireless industry is poised for a sustained period of network investment,” said James D. Taiclet, Jr., American Tower’s Chairman, President and Chief Executive Officer. “ATC India’s greatly expanded portfolio of towers will enable us to play a key role in providing the communications real estate essential to the deployment of advanced wireless technologies throughout the country and to support the Indian government’s Digital India Initiative.”

Commenting on the transaction, Ishaat Hussain, Director, Tata Teleservices Limited, said “This partnership with ATC presents an opportunity for Tata Teleservices to leverage an enhanced infrastructure portfolio to better address the rapidly expanding market for next generation data services in India.”

Sunil Kanoria, Chairman and Managing Director of Viom and Vice Chairman of SREI Infrastructure Finance Limited, noted that “We have built one of the best assets in the telecom tower space with robust cash flow stream, the highest tenancy ratio in the industry and a well-diversified tenant mix, besides creating a world class management team. We are pleased to have found a new management team for Viom, and believe that ATC is well positioned to continue to optimize these assets given its proven track record of success. From SREI’s perspective, the divestment of Viom will have a multi-fold impact for SREI improving profitability and will be accretive for both shareholders and SREI.”

American Tower anticipates consolidating the full financial results for Viom after the closing of the transaction. During the quarter ended June 30, 2015, Viom generated the following annualized results: approximately INR 50 billion in rental and management revenue and approximately INR 21 billion in gross margin. In addition, as of September 30, 2015, Viom had approximately INR 58 billion of INR-denominated debt outstanding. American Tower expects the transaction to be immediately accretive to AFFO per share.

Amit Sharma, American Tower’s Executive Vice President and President, Asia, added, “Through our joint ownership with the Tata Group of over 56,000 towers, American Tower will be strategically positioned to benefit from the leasing revenue growth opportunities that will come from the accelerating deployment of 3G and 4G technologies by all of the wireless carriers in the market.”

American Tower intends to finance the transaction in a manner consistent with maintaining its investment grade credit rating. The transaction is subject to customary closing conditions and regulatory approval, and is expected to close in mid-2016.

American Tower utilized Evercore and Kotak Investment Banking as financial advisors and Clifford Chance, AZB & Partners and Luthra & Luthra as legal advisors. Credit Suisse served as exclusive financial advisor to Viom and its shareholders. Cyril Amarchand Mangaldas served as legal advisor to Viom and its primary shareholders.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 97,000 communications sites. For more information about American Tower and this transaction, please visit the Company & Industry Resources portion of the “Investor Relations” section of our website, www.americantower.com.

About Tata Teleservices Limited (“TTL”)

TTL is one of India’s leading mobile telecommunications service providers delivering mobile connectivity, content and services to consumers across the country. The company has been at the forefront of redefining the telecom experience in India, launching technologically advanced innovative products and services, playing an enabling role in simplifying consumer lives and expanding digital inclusion. TTL together with its associates has a pan-India presence across India’s 19 telecom circles. TTL offers integrated telecom solutions to its customers under the unified brand name Tata Docomo and operates its wireless networks on GSM, CDMA and 3G technology platforms. For details, visit www.tatateleservices.com.

About SREI Infrastructure Finance Limited (“SREI”)

SREI is one of India's largest private sector integrated infrastructure institutions, constantly and consistently delivering innovative solutions in the infrastructure sector. The company has been playing a significant role in nation-building for two-and-a-half decades, both in urban and rural India. SREI's businesses include Infrastructure Project Finance, Advisory and Development, Infrastructure Equipment Finance, Alternative Investment Funds, Capital Market and Insurance Broking. SREI, headquartered in Kolkata, has a network of 86 branches.

Cautionary Language Regarding Forward-Looking Statements

This press release contains statements about future events and expectations, or “forward-looking statements,” all of which are inherently uncertain. We have based those forward looking statements on management’s current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements regarding the proposed closing of the transaction described above, expected financial projections for the portfolio and the impact on our consolidated results, the expected cash consideration and the expected sources of funds to pay for the transaction described above. These forward-looking statements involve a number of risks and uncertainties. For important factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the information contained in Item 1A of our Form 10-K for the year ended December 31, 2014 under the caption “Risk Factors” and in other filings we make with the Securities and Exchange Commission. We undertake no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

AFFO is a non-GAAP financial measure. For more information, see our Form 10-Q for the quarter ended June 30, 2015 under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Non-GAAP Financial Measures” and “– Results of Operations.” Additionally, AFFO per share is a non-GAAP measure, and is defined as AFFO divided by the diluted weighted average common shares outstanding.

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Citi announced that it has hired Dominic Crowe as Global Head of Product Development and Strategy for Custody and Fund Services and Bill Pryor as Global Head of Data and Analytics for Custody and Fund Services. In addition, Citi has appointed Jay Martin to run its North America Custody and Fund Services franchise.

Mr. Crowe will be based in New York and report to Sanjiv Sawhney, Global Head of Custody and Fund Services. He joins Citi from The Bank of New York Mellon where he spent the past two years as Global Head of Client Services Delivery for Structured Products. He had previously been Global Head of Asset Services Transformational Expense Initiatives. In this role, Mr. Crowe will be charged with driving a transformative product and platform strategy for the Custody and Fund Services business.

Mr. Pryor will be based in Boston, reporting to Sanjiv Sawhney and Richard Burns, Global Head of Yield Book and Fixed Income Indices. He will be responsible for harmonizing the delivery of Citi’s Custody and Fund Services products and information. Mr. Pryor brings more than 34 years of experience in the data and analytics space and was most recently JP Morgan’s Global Head of Investment Information Services.

Mr. Martin has been with Citi since 2011 and brings over 26 years of experience to the role. Most recently, he was North America Head of Investor Services Operations and Global Head of Alternative Investments and Wealth Management Operations. In this new role, he will responsible for leading Citi’s product teams and partners across operations and technology to grow and optimize the Custody and Fund Services business in North America. Mr. Martin will report to Shahmir Khaliq, North America Head of Investor Services, and Sanjiv Sawhney.

“Global Custody and Fund Services is a core part of our Investor Services franchise strategy”, stated Sanjiv Sawhney. “Appointing talent of this caliber will help ensure that we continue to grow and strengthen the platform to deliver the best products for our clients.”

Citi Investor Services provides fund managers with access to an end-to-end set of flexible investment solutions across Prime Finance and Agency Securities Lending, Futures, OTC Clearing and Collateral Management, Custody and Fund Services.

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at http://www.citigroup.com | Twitter: @Citi | YouTube: http://www.youtube.com/citi | Blog: http://blog.citigroup.com/| Facebook: http://www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

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Celebrating its 35^th year of operations today, UAE Exchange, the global remittance, foreign exchange and payment solutions brand said that over the last three-and-a-half decades it has paralleled the growth of the economies of the Gulf region and as a single largest global remittance entity now moves funds worth over US$26 billion annually.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151023005028/en/

Group Photo: UAE Exchange Celebrates 35 years of Growth (Photo: ME NewsWire)

In 1980, when UAE Exchange first began its operations in Abu Dhabi, the remittances it handled were to the tune of US$1.5 million annually. In line with the growth of the Gulf economies and concomitant surge in migrant population over the years, it has been able to carve a niche in the history of the remittance industry catering to an average daily customer base of 400,000.

UAE Exchange handles some 25.4 million transactions annually with much of the remittances to the Asian corridor and has nearly 6 per cent share in the business to developing countries. The World Bank estimates put that in 2014 global remittances were at US$583 billion out of which US$435 billion was to developing countries.

“As the world’s third largest migrant destination, the evolution of the remittance industry in the Gulf region has a global significance. Literally, from snail-paced remittance transactions to sending money in a flash with the aid of superior technology, UAE Exchange has moved at a brisk pace with significant milestones of service innovation on the way,” said Promoth Manghat, CEO, UAE Exchange.

UAE Exchange is now the world’s widely networked remittance entity with close to 800 branches spread across five continents. “Growth came not just from brick and mortar expansion alone but from an equally significant technology adoption and enhanced partner reach, which helped us create pioneering service excellence standards,” said Mr. Manghat.

UAE Exchange now offers a host of services and diverse remittance channels to its customers in line with the growth in sophistication of the industry from instant money across cash and bank account transactions to online money transfer. “The sophistication and awareness of customers is now high among all categories of migrants with smart technology paving the way to this evolution and at UAE Exchange our endeavour is to keep up with the pace of change,” added Mr. Manghat.

About UAE Exchange

UAE Exchange is a leading global remittance, foreign exchange and payment solutions brand. It is also the widest globally networked remittance brand with close to 800 branches spread across 31 countries in 5 continents. Its strong correspondent banking relationship with over 140 global banks adds to the might.

*Source: ME NewsWire

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Cube Highways and Infrastructure Pte. Ltd. (Cube Highways) is pleased to announce that it has signed an agreement to acquire a 100 percent ownership interest in Madhucon Agra Jaipur Expressways Ltd (MAJEL), an operating toll road in India. This toll road operates a 57 kilometer stretch of National Highway (NH) 11 connecting the cities of Mahua and Bharatpur, and is contiguous to Cube Highway’s existing investment in Jaipur Mahua Tollways Pvt. Ltd. (JMTPL), which operates a 109 kilometer stretch of NH-11 between Jaipur and Mahua.

Once closed, this will be the second investment made by Cube Highways, I Squared Capital’s Indian toll road and transportation investment platform, in partnership with the International Finance Corporation (IFC), the private investment arm of the World Bank. “This acquisition underscores our belief in the Indian toll road sector and is consistent with our strategy of adding carefully selected, high quality assets to our professionally managed road platform,” said Gautam Bhandari, Director at Cube Highways. “We are in active discussions on multiple acquisition opportunities as we continue to add scale to our portfolio of transport concessions in India.”

The initial acquisition will be for a 74 percent ownership interest, with the remaining 26 percent subject to approval from the National Highways Authority of India (NHAI). The road operates under a 25-year concession and has been operational since May 2009, with more than six years of traffic and tolling history. NH-11 connects important tourist centers of Jaipur and Agra in north India, and forms the southern arm of the “Golden Triangle” between Delhi, Agra and Jaipur.

Harikishan Reddy, CEO of Cube Highways Advisors, added “This acquisition enables Cube Highways to operate a contiguous 166 kilometer stretch of NH-11, and will result in significant operational synergies with Cube Highways’ existing investment in JMTPL. Traffic on this corridor continues to demonstrate healthy growth as it benefits from the growing economies of two large urban centers, Agra and Jaipur.”

About Cube Highways: Cube Highways and Infrastructure Pte. Ltd. (Cube Highways) is a Singapore based company investing in road and highway projects, along with select other infrastructure sectors in India. Cube Highways is an independent, professionally-managed platform that leverages the extensive transportation experience of its management and execution teams. Cube Highways was formed by two leading global financial institutions, I Squared Capital and the International Finance Corporation (IFC).

About I Squared Capital: I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, and transport in North America, Europe, and select high growth economies. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.

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The Western Union Company (NYSE: WU), a leader in global payment services, was awarded the “Best New Service” award at the 2015 Corporate Entrepreneur Awards earlier this week for its digital self-service kiosk model—active at Walgreens locations across the United States.

The Corporate Entrepreneur Awards—hosted by Market Gravity—recognize innovation within large businesses related to new products, services and experiences disrupting traditional industries. The “Best New Service” award celebrates a service innovation that has redefined its industry or category.

This year, Western Union took the top spot among 33 other nominations in this category from some of North America’s largest companies, including MasterCard, Visa, AOL, United Airlines and Avis.

The award-winning digital self-service kiosk model allows consumers to make domestic and international money transfers as well as bill payments at more than 7,800 Walgreens locations, using existing digital self-service kiosks.

Customers can independently stage their transactions at the self-service kiosk using a photo touchscreen, and then fund those transactions via cash or pin-based debit at the register.

The service was introduced at Walgreens without disruption to the business by integrating the money transfer and bill payments services into existing photo kiosks. By employing this innovative approach, no additional staffing or point of sale requirements were necessary.

Western Union’s cross-border platform is a rare combination of a physical and digital network servicing 16,000 corridors across 200 countries and territories. Across its brands the company has over 500,000 retail agent locations around the world and its services are available at over 100,000 ATMs and kiosks, and including the capability to send money to millions of accounts.

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of June 30, 2015, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to millions of bank accounts. In 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.westernunion.com.

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• Board approves establishment of a Sponsored Level 1 ADR and Issue of Rupee Denominated Bonds Overseas
• Standalone profit after tax at Rs. 1,605 crore for the quarter ended September 30, 2015 –  growth of 18%
• 23% growth in the individual loan book (after adding back the loans sold in the preceding 12 months)
• Spread on loans at 2.32% for the half year ended September 30, 2015 compared to 2.29% in the corresponding period last year
• Gross non-performing loans at 0.71% of the loan portfolio as at September 30, 2015
• Consolidated profit after tax at Rs. 4,311 crore for the half year ended September 30, 2015

• Establishment of a Sponsored Level 1 American Depository Receipts (ADR) programme in respect of up to 10% of the issued and paid-up share capital of the Corporation, pursuant to the Depository Receipts Scheme, 2014 and subject to requisite guidelines to be issued by SEBI. The programme envisages conversion of existing equity shares of the Corporation into ADRs and does not in any way entail any issue of additional shares of the Corporation.
• Issue of Rupee denominated bonds overseas up to USD 750 million, in accordance with the circular dated September 29, 2015, issued by the Reserve Bank of India on External Commercial Borrowings Policy (ECB) - Issuance of Rupee denominated bonds overseas.

INVESTMENTS
 

In October 2015, the NHB recalibrated risk weights on individual housing loans, based on the loan amount and loan to value ratio, with the lowest risk weight being reduced to 35% compared to 50% earlier. The revised risk weights have not been applied in determining the above-mentioned capital adequacy ratio.
 

DISTRIBUTION NETWORK
 

Coty Inc. (NYSE:COTY) announced a new organizational structure and the future leadership team for the company, both of which will become effective subject to completion of Coty’s merger with The Procter & Gamble Company’s (NYSE:PG) fine fragrance, color cosmetics, salon professional and hair color and styling businesses (“P&G Specialty Beauty Business”). These changes are expected to best position the company to advance Coty’s global leadership position in Beauty.

Bart Becht, Chairman and Interim CEO of Coty commented: “The new Coty will bring together a very experienced and diverse executive team, skilled at managing complex global consumer operations, and driving innovation, creativity and growth, all of which are a prerequisite for future success. This deeply experienced team combined with the new category-focused and consumer-centric structure, and our portfolio of world-class brands, are all expected to play key roles in making Coty a strong global leader and challenger in Beauty and driving profitable growth and shareholder value over time.”

Coty’s new organizational structure will be category focused, putting the consumer first, by specifically targeting how and where they shop and what and why they purchase. Each Division will have full end-to-end responsibility to optimize the consumers’ beauty experience in their relevant categories and channels in this new organizational design and translate this into profitable growth. Accordingly, post-merger, Coty’s business will be organized into three divisions:

• Coty Luxury Division, focused on fragrances and skin care
• Coty Consumer Beauty Division, focused on color cosmetics, retail hair coloring and styling products and body care
• Coty Professional Beauty Division, focused on servicing salon owners and professionals in both hair and nail care

Coty will also be launching a new department, called Growth and Digital, which will be focused on accelerating growth. It will regularly review the company’s portfolio strategy and focus on working with each of the three divisions to improve its capabilities in innovation, sales and traditional and digital marketing.

Each of the Luxury, Consumer Beauty, and Professional Beauty divisions will be led by a President, who will be supported in the areas of supply chain, finance, human resources and information services. The divisions will be overseen by an executive team consisting of the three Presidents, the Functional Heads and the Chief Executive Officer. The executive team will provide strategic direction, pursue M&A opportunities, build out corporate capabilities and address public company obligations.

As part of the new organizational structure, Coty plans to relocate its executive management offices to London. Being operationally located in London will allow Coty to more effectively operate as a global leader, with closer proximity to the company’s key strategic markets around the world. The executive management team expected to be based in London, includes, but is not limited to, the office of the Chairman and Chief Executive Officer, Finance, Human Resources, Legal and Growth and Digital. The company will continue to be incorporated in Delaware and traded on the New York Stock Exchange.

Leadership

The new Coty leadership team combines the expertise and talents of executives from Coty, P&G Specialty Beauty and other leading companies. These highly experienced team members, all of whom have extensive experience nurturing and growing consumer brands, bring deep and complementary skills, which the company plans to leverage to benefit Coty employees, licensors, customers, suppliers and shareholders.

Bart Becht, Chairman and Interim Chief Executive Officer - Mr. Becht will continue to be responsible for making Coty into a global leader and challenger in Beauty and enhancing shareholder value in the process. Before joining Coty in 2011 as chairman, Mr. Becht served as chief executive officer of Reckitt Benckiser, a leading global consumer goods company, from 1995 to 2011. He has over 30 years of business experience building consumer brands around the world. Mr. Becht will remain based in London following the close of the transaction.

Patrice de Talhouët, Chief Financial Officer – Mr. de Talhouët will continue to oversee the finance organization. In addition, he will be responsible for all M&A activities as well as information systems and real estate. Prior to joining Coty, he spent seven years at Mars, Inc. in various executive finance positions and 12 years at Alcatel-Lucent. Mr. de Talhouët will transition from New York to London following the close of the transaction.

Camillo Pane, Chief Growth and Digital Officer - Mr. Pane will advise on Coty’s portfolio strategy and be responsible for the development of Coty’s innovation, marketing and sales capabilities across all divisions, as well as directing Coty’s digital media and e-commerce activities. He spent almost 20 years at Reckitt Benckiser, and was most recently Reckitt’s Senior Vice President, Global Category Officer Consumer Health. Mr. Pane will be based in London following the close of the transaction.

Edgar Huber, President Coty Luxury - Mr. Huber will oversee Coty’s Fragrances and Skin Care division. Mr. Huber is an accomplished executive with over 25 years of experience in building brands across the beauty and fashion industry. Mr. Huber spent 15 years at L'Oréal, the majority of which was in the L'Oréal Luxury Products Division working on brands such as Ralph Lauren Fragrances, VIKTOR AND ROLF, Yves Saint Laurent Beauty and Giorgio Armani Cosmetics. Most recently he was President and Chief Executive Officer of Lands’ End. Mr. Huber will be based in Paris following the close of the transaction.

Esi Eggleston Bracey, President, Coty Consumer Beauty - Mrs. Eggleston Bracey will oversee Coty’s Color Cosmetics, Hair Coloring and Styling, and Body Care division. She is Executive Vice President, Global Color Cosmetics, P&G, where she leads the COVERGIRL and Max Factor businesses across more than 80 global markets. Mrs. Eggleston Bracey has over 24 years of experience, including over 15 years in Beauty and Personal Care, and was responsible for transforming COVERGIRL into the iconic pop culture brand it is today, as well as expanding P&G Cosmetics internationally with the modernization of Max Factor. She will transition from Geneva to New York following the close of the transaction.

Sylvie Moreau, President, Coty Professional Beauty - Mrs. Moreau will be responsible for overseeing Coty’s salon business in hair and nail care. She is currently Executive Vice President of Wella, the Salon Division of P&G. Over her 21-year career, Mrs. Moreau has held a variety of positions in local, regional and international roles, managing many iconic brands. She has spent the last seven years in P&G’s Salon Professional division where she was instrumental in the business turnaround. Mrs. Moreau will remain based in Geneva following the close of the transaction.

Mario Reis, Chief Global Supply Officer - Mr. Reis will be responsible for running Coty’s fully integrated, end-to-end supply chain, covering procurement, manufacturing and warehousing & distribution, facilitating the acceleration of profitable growth as well as driving cost leadership at Coty. Prior to joining Coty, Mr. Reis spent 16 years with Danone, where he held several senior executive positions in Global Operations. Mr. Reis will remain based in Geneva following the close of the transaction.

Jules Kaufman, Chief Legal Officer and Secretary - Mr. Kaufman will continue to oversee Coty’s legal affairs worldwide, including, among other things, acquisitions and divestitures, governance, compliance, licenses and patents and regulatory issues. Since joining Coty in 2008, Mr. Kaufman has helped guide Coty's growth through multiple acquisitions, and through its evolution from a privately held into a publicly listed company. He previously served as Vice President and Division General Counsel for Colgate-Palmolive Company’s Europe/South Pacific Division. Mr. Kaufman will transition from New York to London following the close of the transaction.

Ralph Macchio, Chief Scientific Officer - Mr. Macchio will be responsible for all Scientific and Global Regulatory & Consumer Affairs at Coty. Mr. Macchio has been with Coty since 1992 and has held various positions of increasing R&D responsibility at the company. Mr. Macchio will remain based in Morris Plains, New Jersey following the close of the transaction.

Sébastien Froidefond, Chief Human Resources Officer - Mr. Froidefond will manage all corporate human resources activities, including talent management, organizational and people development, performance management, compensation and benefits and human resources information systems. Prior to joining Coty, Mr. Froidefond was Human Resources Vice President for the Global Consumer Healthcare division of Sanofi. Mr. Froidefond will transition from Paris to London following the close of the transaction.

Jean Mortier will retire from Coty and will be succeeded, effective immediately, by Edgar Huber as President Global Markets. Jean has agreed to stay with Coty through June 2016 as a Special Advisor to the CEO. Jean will be responsible for helping to transition Edgar Huber into his new role, transitioning licensor relationships to Camillo Pane and Edgar Huber, aiding in the transfer of P&G licenses to Coty, assisting with the anti-trust review process and helping to restructure our joint venture and distributor relationships. Coty would like to recognize and thank Jean for his many contributions to the Coty business and company and wish him well in his future endeavors.

As previously disclosed, the merger with P&G’s Specialty Beauty Business is expected to close in the second half of calendar year 2016, subject to regulatory clearances, works council consultations, and other customary conditions.

Forward Looking Statements

Certain statements in this press release are forward-looking statements. These forward-looking statements reflect Coty’s current views with respect to the completion of the merger with the P&G Beauty Business. These forward-looking statements are generally identified by words or phrases, such as “anticipate,” “expect,” “should,” “would,” “could,” “intend,” “plan,” “project,” “seek,” “believe,” “will,” “opportunity,” “potential,” and similar words or phrases. Actual results may differ materially from the results predicted due to risks and uncertainties including inaccuracies in our assumptions in evaluating the transaction, difficulties in integrating the P&G Specialty Beauty Business into Coty and other difficulties in achieving the expected benefits of the transaction. All statements in this communication, other than those relating to historical information or current conditions, are forward-looking statements. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the control of Coty, which could cause actual results to differ materially from such statements.

Risks and uncertainties relating to the proposed transaction with P&G include, but are not limited to: uncertainties as to the timing of the transaction; the risk that regulatory or other approvals required for the transaction are not obtained or are obtained subject to conditions that are not anticipated, including certain licensor consents; competitive responses to the transaction; litigation relating to the transaction; uncertainty of the expected financial performance of the combined company following completion of the proposed transaction; the ability of Coty to achieve the cost-savings and synergies contemplated by the proposed transaction within the expected time frame; the ability of Coty to promptly and effectively integrate the P&G Specialty Beauty Business and Coty and their personnel; the effects of the business combination of Coty and the P&G Specialty Beauty Business, including the combined company’s future financial condition, operating results, strategy and plans; and disruption from the proposed transaction making it more difficult to maintain relationships with customers, employees or suppliers.

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included elsewhere. More information about potential risks and uncertainties that could affect Coty’s business and financial results is included under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Coty’s Annual Report on Form 10-K for the fiscal year ended June 30, 2015, and other periodic reports Coty has filed and may file with the Securities and Exchange Commission from time to time. Any forward-looking statements made in this communication are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, us or our business or operations. Except to the extent required by applicable law, Coty undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

About Coty Inc.

Coty is a leading global beauty company with net revenues of $4.4 billion for the fiscal year ended June 30, 2015. Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty’s product offerings include such power brands as adidas, Calvin Klein, Chloé, DAVIDOFF, MarcJacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.

For additional information about Coty Inc., please visit www.coty.com.

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Taro Pharmaceutical Industries Ltd. (NYSE:TARO) (“Taro” or the “Company”) provided unaudited financial results for the three and six months ended September 30, 2015.

Quarter ended September 30, 2015 Highlights - compared to September 30, 2014

• Net sales of $212.1 million, decreased $38.8 million, or 15.5%. This net sales decline is principally due to the impact of net charges taken to meet contractual obligations associated with price adjustments and the changing U.S. market dynamics on certain products. On a pro-forma basis, adjusted for the price protection provision, net sales would have decreased 7.7%
• Gross profit of $168.8 million decreased $29.3 million; however, as a percentage of net sales, was 79.6% compared to 79.0%. Excluding the impact of the price adjustment and the impact of the $2.0 million impairment charge, the gross profit decrease would have been $8.0 million, or 4.1%
• Research and development expenses increased $4.9 million to $18.7 million
• Selling, marketing, general and administrative expenses increased $2.4 million to $24.0 million
• Operating income decreased $35.3 million to $125.0 million
• Net Income was favorably impacted by a $28.7 million increase in foreign exchange (FX) income to $34.9 million, principally the result of the strength of the U.S. vs. Canadian dollar
• Net income attributable to Taro was $133.3 million compared to $143.4 million, resulting in diluted earnings per share of $3.11 compared to $3.35

Six Months ended September 30, 2015 Highlights - compared to September 30, 2014

• Net sales of $427.3 million, increased $46.3 million, or 12.1%, despite an 8% volume decline as a result of changing U.S. market dynamics on certain products. On a pro-forma basis, adjusted for the previously mentioned price protection provision, the net sales increase would have been 18.5%
• Gross profit increased $57.1 million to $340.6 million and as a percentage of net sales, was 79.7% compared to 74.4%. Excluding the impact of the aforementioned price adjustment, and the impact of the $2.0 million impairment charge, the gross profit increase would have been $81.4 million, or 28.7%
• Research and development expenses increased 15.4% to $33.3 million
• Selling, marketing, general and administrative expenses increased $2.9 million to $46.9 million
• Operating income increased $44.6 million to $259.4 million
• FX income increased $29.8 million to $30.7 million
• Net income attributable to Taro was $237.0 million compared to $189.5 million, a $47.5 million increase, resulting in diluted earnings per share of $5.54 compared to $4.42

Mr. Kal Sundaram, Taro’s CEO stated, “We continue to experience pressure on our business from strong competition and the industry and customer consolidations as evidenced by the decrease in our net sales. However, our margins remain strong as the result of the cost efficiencies and benefits realized as we actively manage and remain disciplined with our spending.” Mr. Sundaram, continued, “The recent approval and launch of Keveyis, the first medicine approved by the FDA for the treatment of primary hyperkalemic and hypokalemic periodic paralysis, demonstrates our continuing commitment to R&D.”

Cash Flow and Balance Sheet Highlights

• Cash provided by operations for the period ended September 30, 2015 was $129.3 million, as compared to $96.2 million at September 30, 2014
• Cash, including marketable securities of $1.1 billion, increased $142.1 million from March 31, 2015

FDA Approvals and Filings

The Company currently has a thirty-four ANDAs awaiting FDA approval.

The Company recently received approval from the U.S. Food and Drug Administration (“FDA”) for a New Drug Application (“NDA”) Keveyis™ (dichlorphenamide) 50 mg Tablets, the first medicine approved by the FDA for the treatment of primary hyperkalemic and hypokalemic periodic paralysis and related variants. Periodic paralysis, which is a group of rare hereditary disorders that cause episodes of muscle weakness or paralysis, is estimated to affect approximately 5,000 people in the United States.

Taro Purchases Shares of Zalicus Pharmaceuticals Ltd.

On October 1, 2015, Taro entered into a Share Purchase Agreement with EPIRUS Biopharmaceuticals, Inc. (“EPIRUS”) for all of the shares of Zalicus Pharmaceuticals Ltd., and its product candidate Z944 and certain related assets, a novel, oral, T-type calcium channel modulator in development for the treatment of pain. As a result of the sale, Taro paid CAD $5.0 million in cash and a non-interest bearing, limited recourse promissory note in the amount of CAD $5.0 million with a maturity date of July 1, 2017. If Taro elects to repay the Promissory Note in cash and continue development of the Z944 Assets, EPIRUS will also be entitled to additional payments.

Earnings Call (8:00 am EST, November 4, 2015)

As previously announced, the Company will host an earnings call at 8:00 am EST on Wednesday, November 4, 2015, where senior management will discuss the Company’s performance and answer questions from participants. This call will be accessible through an audio dial-in and a web-cast. Audio conference participants can dial-in on the numbers below:

• Participant Toll-Free Dial-In Number: +1 (844) 421-0601 ID: 63935727
• Participant International Dial-In Number: +1 (716) 247-5800 ID: 63935727
• Web-cast: More details are provided on our website, www.taro.com

To participate in the audio call, please dial the numbers provided above five to ten minutes ahead of the scheduled start time. The operator will provide instructions on asking questions before the call. The transcript of the event will be available on the Company’s website at www.taro.com. An audio playback will be available for twelve (12) days following the call.

About Taro

Taro Pharmaceutical Industries Ltd. is a multinational, science-based pharmaceutical company, dedicated to meeting the needs of its customers through the discovery, development, manufacturing and marketing of the highest quality healthcare products. For further information on Taro Pharmaceutical Industries Ltd., please visit the Company’s website at www.taro.com.

SAFE HARBOR STATEMENT

The unaudited consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments necessary to present fairly the financial condition and results of operations of the Company.The unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in the Company’s Annual Report on Form 20-F, as filed with the SEC.

Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.These statements include, but are not limited to, statements that do not describe historical facts or that refer or relate to events or circumstances the Company “estimates,” “believes,” or “expects” to happen or similar language, and statements with respect to the Company’s financial performance, availability of financial information, and estimates of financial results and information for fiscal year 2016.Although the Company believes the expectations reflected in such forward-looking statements to be based on reasonable assumptions, it can give no assurances that its expectations will be attained.Factors that could cause actual results to differ include risks related to commercializing Keveyis, general domestic and international economic conditions, industry and market conditions, changes in the Company's financial position, litigation brought by any party in any court in Israel, the United States, or any country in which Taro operates, regulatory and legislative actions in the countries in which Taro operates, and other risks detailed from time to time in the Company’s SEC reports, including its Annual Reports on Form 20-F.Forward-looking statements are applicable only as of the date on which they are made.The Company undertakes no obligations to update, change or revise any forward-looking statement, whether as a result of new information, additional or subsequent developments or otherwise.

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T

• Education and Financial Inclusion

• Environment and Climate Change

• Max India declares interim dividend of 90%
• Max Life Insurance (MLIC) net premium up 11% in Q2FY2016
• Max Healthcare PBT up almost 3 times in H1FY2016

Oberthur Technologies (OT), a leading global provider of embedded security software products, services and solutions, announced that it will present its third quarter 2015 financial results to investors on Tuesday, November 10^th, 2015.

Didier Lamouche (CEO) and Anne-France Laclide (CFO) will be presenting these financial results and taking questions the same day at 2.30 p.m. Paris Time (1.30 p.m. London Time/8.30 a.m. New York Time).

In order to access the conference call dial-in details, you need to register with Investors Relations: investors@oberthur.com.

If you have already registered, details are available on our website: http://investors.oberthur.com.

ABOUT OBERTHUR TECHNOLOGIES

OT is a world leader in embedded digital security that protects you when you connect, authenticate or pay.

OT is strategically positioned in high growth markets and offers embedded security software solutions for “end-point” devices as well as associated remote management solutions to a huge portfolio of international clients, including banks and financial institutions, mobile operators, authorities and governments, as well as manufacturers of connected objects and equipment.

OT employs over 6 300 employees worldwide, including almost 700 R&D people. With a global footprint of 4 regional secure manufacturing hubs and 39 secure service centers, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com

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Taiyo Pacific Partners announced that it has accumulated in excess of 5% in JIN Co., Ltd. (3046) to become JIN’s third largest shareholder. Taiyo Pacific Partners is known for its cooperative investment style working with senior management to enhance shareholder value.

Brian K. Heywood, Chief Executive Officer and Managing Partner of Taiyo Pacific Partners, said, “I love President Tanaka’s bold move to shake up the eyewear industry. His disruptive model is proving successful and I believe it will create a dynamic change in the way consumers buy glasses, not only in Japan...but watch the impact of this company in China, the US and beyond. We fully expect the JIN team to come up with new and exciting ways to shape the industry. We will be watching for further innovation in retail, functionality and of course fashion. The viability of the JIN concept was driven home to me when I noticed that a significant number of our staff have switched over to JINS glasses without any prompting. iPhones have that kind of moving power but seldom do you see it in a pair of eye glasses.”

Michael A. King, Chief Investment Officer and Managing Partner of Taiyo Pacific Partners, said, “JIN has achieved an extremely high growth rate while generating stable cash flow by bringing its innovative, low-priced model and functional eyewear products into the mature Japan eyewear retail market. I recently bought a pair of JINS glasses during my visit to Tokyo and the consultative purchase process was fast and convenient. I left the store with a new vision for how much growth potential there is not only within Japan, but from global expansion as well.”

President Hitoshi Tanaka commented, “Taiyo Pacific Partners takes a long-term view and we are pleased they have come to understand our business strategy and future potentials. We will work to meet shareholders’ high expectations through growing as a global eyewear brand and raising our corporate value.”

Taiyo Pacific Partners, located in Kirkland, Washington, was founded in 2003 by Asia-focused professionals dedicated to friendly shareholder activism in Japan and other Asian countries. The firm currently manages approx. $2.2 billion in Japan focused funds. All strategies employ a friendly activist approach. Investors include US, Japanese and European pension plans, endowments and other institutional investors.

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