SANTA MONICA, Calif. -Saturday 7 September 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- JAKKS Pacific, Inc. (NASDAQ: JAKK) (the “Company”) announced today that it has received an additional non-binding expression of interest to acquire all of the shares of the Company’s common stock for an indicated price of between $0.85-$0.90 per share on a fully diluted basis.

As previously announced in the Current Report on Form 8-K filed on August 9, 2019 announcing the Company’s successful conclusion of the Recapitalization (as defined therein) transaction with the Ad Hoc Group (as defined therein), Oasis (as defined therein) and Wells Fargo (as defined therein), the Company continued to engage in discussions with another party that previously made a non-binding proposal to acquire all of the shares of the Company’s common stock for an indicated price of $0.80 per share on a fully diluted basis. Also as previously announced in such Current Report, such di ... Read more »

HAMILTON, Bermuda-Saturday 7 September 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Rating agency AM Best has upgraded the financial strength and credit rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “a-” of International General Insurance Co Ltd., (IGICL) (Bermuda) and International General Insurance Company (UK) Limited (IGIUK) (United Kingdom). The outlook of these Credit Ratings is stable.

AM Best said that the rating upgrade reflected IGI’s balance sheet strength, which AM Best categorises as “very strong”, as well as citing its strong operating performance, limited business profile and appropriate enterprise risk management (ERM).

AM Best said in its report: “The upgrade reflects IGI’s resilient operating results, which have been driven by robust underwriting performance over the longer term. The company has a five-year average combined ratio ... Read more »

DEERFIELD, Ill.-Saturday 7 September 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced Francesco Tinto was named global chief information officer (CIO) and senior vice president at the company, which ranks #17 on the Fortune 500 and is the world’s largest pharmacy retailer and wholesaler.

Tinto will oversee the global strategy for WBA’s IT operations across all of the company’s divisions, as well as the implementation of its technology and digital innovation. His role will include data analytics, business intelligence, development, support, infrastructure, security and technical services. Tinto will be based at WBA corporate headquarters in Deerfield, Ill. and will report to Ornella Barra and Alex Gourlay, co-chief operating officers, WBA.

For the last 17 years, Tinto held various leadership positions at Kraft Heinz Company and Kraft Foods. Most recently, he was global CIO and head of global ... Read more »

 Mobil-branded lubricants and fluids to be used in Porsche Formula E race car

SPRING, Texas-Saturday 7 September 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- ExxonMobil is expanding its global business and technical partnership with Porsche by teaming with the luxury German automaker on its Formula E series car for the 2019 / 2020 season. The new partnership represents ExxonMobil’s first entry into electric motorsports.

Starting from the first race in Saudi Arabia at the end of this year, ExxonMobil will provide Mobil-branded high-performance electric powertrain fluids to Porsche, developed specifically to meet the specialized demands of electric vehicles.

“Our entry into Formula E with Porsche not only represents an expansion to our successful business relationship, but an expansion of a winning partnership in racing,” said Russ Green, vice president, finished lubricants at ExxonMobil. “As Porsche begins to compet ... Read more »