Y - Y STOCK NEWS

Berkshire Hathaway (NYSE:BRK.A; BRK.B) has announced its acquisition of Alleghany Corporation (NYSE:Y) for $848.02 per share in an all-cash transaction, valued at approximately $11.6 billion. This deal, approved by both boards, offers a 29% premium over Alleghany's average stock price over the past 30 days. Alleghany will maintain its operations independently while benefiting from Berkshire's financial strength. The acquisition is expected to close in Q4 2022, subject to stockholder and regulatory approvals.

Alleghany Corporation (NYSE: Y) reported its financial results for the fourth quarter and full year ended December 31, 2021. The comprehensive news release is accessible on Alleghany's website, along with a detailed financial supplement. The company operates primarily in property and casualty reinsurance and insurance, managing subsidiaries such as Transatlantic Holdings, RSUI Group, and CapSpecialty. Additionally, Alleghany Capital Corporation supports a diverse portfolio of non-financial businesses.

Alleghany Corporation (NYSE:Y) announced it will release its 2021 fourth quarter and full year financial results on February 23, 2022, after market close. The financial supplement will be available on the company's website at www.alleghany.com. Alleghany Corporation focuses on property and casualty reinsurance and insurance, with subsidiaries including Transatlantic Holdings, RSUI Group, and CapSpecialty. The company also manages a diverse portfolio of non-financial businesses through Alleghany Capital Corporation.

Jazwares, a leader in toys and licensing, has appointed Jeremy Padawer as its new Chief Brand Officer, effective immediately. Padawer, who has been with Jazwares since 2019, will focus on global brand building, design, and marketing. The company also announced promotions for key sales executives: Herb Mitschele as Executive Vice President of Global Sales, Guy Thomas as Senior Vice President of U.S. Sales, and Arthur Ferreira as Senior Vice President of International Sales. Jazwares, a subsidiary of Alleghany Capital Corporation (NYSE:Y), celebrates 25 years in the toy industry.

Alleghany Capital Corporation announced that its subsidiary, Wilbert Funeral Services, acquired Memorial Monuments & Vaults, Inc. on December 29, 2021. Memorial Monuments, based in Idaho, provides monuments and funeral services. The acquisition aims to enhance Wilbert's national distribution and customer service capabilities, leveraging their resources alongside Memorial's artistry and technology. Both companies anticipate accelerated growth opportunities and market expansion through combined operations. Wilbert will continue to support Memorial Monuments’ existing team post-closing.

Alleghany Corporation (NYSE: Y) has confirmed Joseph P. Brandon's appointment as Chief Executive Officer and his addition to the Board of Directors, effective December 31, 2021. This transition follows the company's succession plan, with Brandon previously serving as President since April 2021 and Executive Vice President since March 2012. He succeeds Weston M. Hicks, who retired after two decades of service. Alleghany Corporation operates in property and casualty reinsurance and manages various subsidiaries, including Transatlantic Holdings and RSUI Group.

Jazwares has launched a new game featuring its Squishmallows brand on Roblox, targeting the platform's 47 million daily users. This move aims to enhance the brand's digital presence and engage fans through immersive experiences, including mini-games and customizations. Jazwares also announced the establishment of the Jazwares Game Studio, led by experienced Roblox developers Kyle Hulse and Samuel Jordan, to create further engaging content. The Squishmallows brand has sold over 100 million plush toys since 2017 and has a strong social media following, with significant engagement across platforms.

Alleghany Corporation (NYSE:Y) has released its financial results for Q3 2021, ending September 30, 2021. The full report is accessible on the company's website, supplemented by an 8-K filing with the SEC. Alongside the results, a final letter to shareholders from CEO Weston Hicks reflects on his leadership and the company's financial performance. Alleghany focuses on property and casualty reinsurance, and it supports a diverse range of operating subsidiaries.

On October 18, 2021, Alleghany Capital announced that IPS-Integrated Project Services has acquired Anchorbuoy Limited (Linesight), a consultancy firm based in Dublin. This strategic acquisition aims to enhance service offerings in the biopharmaceutical, technology, and data center sectors. IPS CEO Dave Goswami highlighted the expected growth opportunities, while Linesight's CEO Paul Boylan noted the enhanced capabilities and geographic expansion. Alleghany Capital's President David Van Geyzel emphasized the complementary strengths of both companies in high-growth markets, facilitating global expansion.