Tag: Confirms

American Equity Confirms Receipt of Unsolicited Non-Binding Acquisition Proposal – Press Release

WEST DES MOINES, Iowa–(Business Wire)–American Equity Investment Life Holding Company (NYSE: AEL) today confirmed that it received an unsolicited non-binding proposal from Athene Holding Ltd. (NYSE: ATH) with Massachusetts Mutual Life Insurance Company to acquire all outstanding common shares of American Equity for $36.00 per share in cash.

Consistent with its fiduciary responsibilities, American Equity’s Board of Directors is carefully reviewing the unsolicited proposal in consultation with financial and legal advisors to determine the course of action it believes is in the best interests of the Company and its shareholders and other stakeholders. American Equity shareholders need take no action at this time.

J.P. Morgan and Morgan Stanley are serving as financial advisors to American Equity and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel.

About American Equity

American Equity Investment Life Holding Company, through its wholly-owned subsidiaries, is a leading issuer of fixed index annuities

Read More

SBS Language | Visa holders ‘exempt by policy’ can take up spots under Australia’s international arrival caps, confirms ABF

The Australian Border Force commissioner’s confirmation to the Senate committee means there is no guarantee that the additional 1,600 spots added to the weekly cap on international arrivals will only be allocated to Australian citizens and permanent residents stranded overseas.

This means they can in fact also be taken up by holders of Business Innovation and Investment visa (Subclass 188) – who now fall into the ‘exempt category’, as a result of a policy change that started to reflect on the Department of Home Affairs website on 19 September, earlier this month.


  • Visa holders ‘exempt by policy’ can take up spots under the cap on international arrivals, confirms ABF
  • Business (subclass 188) visa holders no longer need to apply for individual travel exemptions
  • 25% of people sent into hotel quarantine were non-Australian citizens or non-residents

Responding to a question raised by Labor frontbencher Kristina Keneally during a public hearing

Read More

RetailMeNot Confirms Holiday Season Will Start Earlier and See More Online Shopping Than Ever Before

AUSTIN, Texas, Sept. 28, 2020 /PRNewswire/ — According to a new survey from leading savings destination RetailMeNot, a Vericast company, this year’s unprecedented holiday season will start earlier than previous years. While many Americans’ wallets are tighter this season, 66% of consumers say they plan to spend the same amount of money or more this holiday in order to create a sense of normalcy and keep traditions alive.

The majority of Americans (75%) prefer to shop online this year, and the same amount will aim to complete all of their holiday shopping as early as possible. Additionally, nearly two in five (39%) say they will shop earlier than they typically do to avoid shipping delays or items being out of stock, while 41% will start shopping in October or earlier. Consumers are also choosing to avoid the crowded lines and chaos of years past, with over 88% saying they

Read More

TikTok Confirms Proposed Deal With Oracle, Walmart For US Business

TikTok says Oracle to be tech provider, Walmart to be commercial partner. (File)


Popular video app TikTok announced Saturday it has proposed an agreement with Oracle as its US technology provider and Walmart as a commercial partner, a potential deal US President Donald Trump touted as “fantastic.”

“We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the US Administration and settle questions around TikTok’s future in the US,” a spokeswoman for TikTok, owned by China’s ByteDance, told AFP.

Oracle will become the “trusted technology provider, responsible for hosting all US user data and securing associated computer systems to ensure US national security requirements are fully satisfied,” the spokeswoman said. “We are currently working with Walmart on a commercial partnership as well.”

She gave few further details about the deal, other than saying that the companies will “maintain and expand” TikTok’s global

Read More

Salman Khan’s ‘Radhe’ to release in theatres after lockdown, confirms his business manager Jordy Patel

Image Source – Instagram

Amidst the ongoing lockdown, people have been dying to go outdoors and watch their favourite superstars onscreen. Salman Khan. ‘Radhe: Your Most Wanted Bhai’ was supposed to hit theatres during Eid 2020, and it was poised to be one of the biggest openers of the years. However, the pandemic hit and the makers of the movie along with superstar Salman Khan decided not to release the film on OTT and wait for theatres to open.

Salman Khan’s business manager Jordy Patel speaks up about how the film is going to be a huge entertainer for all fans of the superstar. “Although some parts of the movie are yet left to be shot, the movie will be released once the situation goes normal,” says Jordy Patel.

Salman Khan has utilised the lockdown time also to the benefit of the movie as a small crew of

Read More

CoreLogic Confirms Receipt of Revised Proposal from Senator Investment Group and Cannae Holdings

IRVINE, Calif.–(BUSINESS WIRE)–Sep 14, 2020–

CoreLogic ® (NYSE: CLGX), a leading global property data and analytics-driven solutions provider, today confirmed that it has received a revised unsolicited proposal from Senator Investment Group LP and Cannae Holdings Inc. to acquire all outstanding common shares of CoreLogic for $66.00 per share in cash.

Consistent with its fiduciary duties and in consultation with its financial and legal advisors, CoreLogic’s Board of Directors will carefully review the revised proposal with the assistance of financial and legal advisors to determine the course of action it believes is in the best interests of the Company and its shareholders. CoreLogic shareholders need take no action at this time.

CoreLogic previously announced on July 7 that its Board of Directors had unanimously rejected the unsolicited proposal from Senator/Cannae it received on June 26 to acquire all outstanding common shares of CoreLogic for $65.00 per share in cash. After

Read More

Navistar Confirms Receipt Of Revised Proposal From TRATON

LISLE, Ill., Sept. 10, 2020 /PRNewswire/ — Navistar International Corporation (NYSE: NAV) (“Navistar” or “the Company”) today confirmed that it has received a revised proposal from TRATON SE to acquire Navistar for $43 per share in cash.

Navistar’s Board of Directors and management team are committed to exploring all avenues to maximize value. Consistent with its fiduciary duties, the Board will carefully review the revised proposal from TRATON in consultation with its advisors to determine the course of action that it believes is in the best interests of the Company and its stakeholders.

Navistar shareholders do not need to take any action at this time, and there is no assurance that any transaction with TRATON will occur or be consummated. Navistar does not intend to make any additional comments regarding the proposal unless and until it is appropriate to do so, or a formal agreement has been reached.


Read More

Aurora Cannabis Touts ‘Business Transformation Plan,’ Confirms New CEO And Financial Update

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), which recently parted ways with co-founder Steve Dobler, named Miguel Martin as its new CEO.

Martin, who brings extensive experience in consumer packaged goods, is replacing Michael Singer, who stepped down from the role of Interim CEO — a position he has held since February. Dobler recently retired from the position of the company’s president and director.

The Edmonton, Alberta-based company also reported its preliminary unaudited results for the fourth quarter of fiscal 2020.

During the last three months of this year, net revenue is expected to amount between $70 million and $72 million versus $75.5 million in the prior quarter.

In addition, Aurora anticipates its cannabis net revenue would be between $66 million and $68 million, compared to $69.6 million in the previous three-month period.

Aurora managed to cut its SG&A costs from more than $100 million in the second quarter of

Read More