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NEW YORK, April 8, 2021 /PRNewswire/ — Criteo S.A. (NASDAQ: CRTO), the global technology company powering the world’s marketers with trusted and impactful advertising, today announced the expansion of its Criteo Retail Media API program with new partners including Pacvue, Perpetua, Flywheel, Kenshoo and Tinuiti. By integrating with the Criteo Retail Media API, partners have a new opportunity to empower brand advertisers with more choices for how they manage and optimize their retail media campaigns with leading retailers, while expanding their advertising to reach high-intent shoppers in new cookie-less channels.

“Utilizing Criteo’s new API Partner program has been vital for scaling the needs of our brands,” said Brian Weber, Director of Digital Strategy, The Stable, an integrated commerce agency. “By working with Criteo API partners, we are able to automate reporting and generate insights across retailers much quicker than before, in a singular dashboard, and dedicate the majority of our time to building best in class strategies.”

In a recent joint report with Forrester Consulting, Criteo uncovered that 76% of brand advertisers in North America said that the growth of their businesses depends on retail media advertising. With Criteo’s Retail Media solution, brands have the unique opportunity to advertise and promote their products directly on leading retailer websites, in a way that no traditional DSP on the market can offer today

“It has been incredibly thrilling to see retail media gain more momentum as consumers shift to online shopping,” said Geoffroy Martin, EVP and General Manager, Growth Portfolio at Criteo. “We are proud to power the world’s largest open retail media ecosystem, and we’re thrilled to welcome our new API partners to our program so that we can further meet the needs of our customers in 2021.”

Criteo’s Retail Media solution is a cornerstone of the company’s vision to become a world-leading Commerce Media Platform by enabling media monetization and powering global brands, agencies and retailers to optimize their sales and digital advertising returns. For more information on Criteo’s Retail Media ecosystem, visit here. 

Forward-Looking Statements Disclosure

This press release contains forward-looking statements, including with respect to the program meeting the needs of customers in the future, and other statements that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: failure related to our technology and our ability to innovate and respond to changes in technology, uncertainty regarding the scope and impact of the recent outbreak of COVID-19 on our employees, operations, revenue and cash flows, uncertainty regarding our ability to access a consistent supply of internet display advertising inventory and expand access to such inventory, investments in new business opportunities and the timing of these investments, whether the projected benefits of acquisitions materialize as expected, uncertainty regarding international growth and expansion, the impact of competition, uncertainty regarding legislative, regulatory or self-regulatory developments regarding data privacy matters and the impact of efforts by other participants in our industry to comply therewith, the impact of consumer resistance to the collection and sharing of data, our ability to access data through third parties, failure to enhance our brand cost-effectively, recent growth rates not being indicative of future growth, our ability to manage growth, potential fluctuations in operating results, our ability to grow our base of clients, and the financial impact of maximizing Revenue ex-TAC, as well as risks related to future opportunities and plans, including the uncertainty of expected future financial performance and results and those risks detailed from time-to-time under the caption “Risk Factors” and elsewhere in the Company’s SEC filings and reports, including the Company’s Annual Report on Form 10-K filed with the SEC on February 26, 2021, and in subsequent Quarterly Reports on Form 10-Q as well as future filings and reports by the Company. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.

About Criteo 
Criteo (NASDAQ: CRTO) is the global technology company powering the world’s marketers with trusted and impactful advertising. 2,600 Criteo team members partner with over 21,000 customers and thousands of publishers around the globe to deliver effective advertising across all channels, by applying advanced machine learning to unparalleled data sets. Criteo empowers companies of all sizes with the technology they need to better know and serve their customers. For more information, please visit www.criteo.com.

Contact: Jessica Meyers, Director, PR, Americas, [email protected]  

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SOURCE Criteo

GREELEY, Colo., April 8, 2021 /PRNewswire/ — Pilgrim’s Pride Corporation (NASDAQ: PPC) (the “Company”) today announced the early tender results in connection with its previously announced offer to purchase for cash (the “Tender Offer”) any and all of the $1.0 billion aggregate principal amount of its 5.750% Senior Notes due 2025 (the “Notes”).  The Company also announced receipt of the requisite consents in connection with its previously announced consent solicitation (the “Consent Solicitation”) from the holders of the Notes (the “Holders”) to the adoption of the Proposed Amendments (as defined below).

The terms and conditions of the Tender Offer and the Consent Solicitation are described in the Offer to Purchase and Consent Solicitation Statement, dated March 25, 2021 (the “Offer to Purchase”), previously distributed to Holders.

The Company has been advised that as of 5:00 p.m. (New York City time) on April 7, 2021 (such date and time, the “Early Tender Payment Deadline”), $896,146,000 in aggregate principal amount of the Notes, representing 89.61% of the outstanding Notes, had been validly tendered (and not validly withdrawn) pursuant to the Tender Offer and consents delivered pursuant to the Consent Solicitation.  The Company intends to purchase all Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Payment Deadline on April 8, 2021 (the “Early Settlement Date”).

The total consideration payable to Holders for each $1,000 principal amount of Notes validly tendered at or prior to the Early Tender Payment Deadline and purchased pursuant to the Tender Offer will be $1,021.50 (the “Total Consideration”), plus accrued and unpaid interest up to, but not including the Early Settlement Date.  The Total Consideration includes an early tender payment of $30.00 per $1,000 principal amount of Notes (the “Early Tender Payment”), payable only to Holders who validly tender (and do not withdraw) their Notes and validly deliver (and do not revoke) the related consents to the Proposed Amendments at or prior to the Early Tender Payment Deadline.

Pursuant to the Consent Solicitation, the Company solicited consents (the “Consents”) from Holders to the proposed amendments (the “Proposed Amendments”) to the indenture pursuant to which the Notes were issued (the “Indenture”), which would, among other things, (i) eliminate substantially all of the restrictive covenants, as well as various events of default and related provisions contained in the Indenture and (ii) reduce the minimum required notice period for the redemption of Notes from at least 30 days to at least three business days prior to the redemption date (maintaining the maximum notice period of 60 days).  In order for the Proposed Amendments to be adopted, Consents must be received in respect of at least a majority of the aggregate outstanding principal amount of the Notes (not including any Notes which are owned by the Company or any of its affiliates) (the “Requisite Consent”).  The Company has obtained the Requisite Consent and intends to execute a supplemental indenture (the “Supplemental Indenture”) to the Indenture which will effectuate the Proposed Amendments.  Any Notes not tendered and purchased pursuant to the Tender Offer will remain outstanding and will be subject to the terms of the Indenture as amended by the Supplemental Indenture.

Holders who have not yet tendered their Notes have until 11:59 p.m. (New York City time), on April 21, 2021, unless extended by the Company (such time and date, as it may be extended, the “Expiration Time”) to tender their Notes pursuant to the Tender Offer.  Holders of Notes who validly tender their Notes after the Early Tender Payment Deadline but at or prior to the Expiration Time will not be entitled to receive the Early Tender Payment and will be entitled to receive only the Tender Offer Consideration, as described in the Offer to Purchase, plus accrued and unpaid interest up to, but not including, the Final Settlement Date (as defined in the Offer to Purchase).

The Company’s obligation to accept for purchase, and to pay for, Notes validly tendered and not validly withdrawn pursuant to the Tender Offer is conditioned upon the satisfaction or, when applicable, waiver of certain conditions, which are more fully described in the Offer to Purchase, including, among others, a financing condition as described in the Offer to Purchase.  In addition, subject to applicable law, the Company reserves the right, in its sole discretion, to (i) extend, terminate or withdraw the Tender Offer and the Consent Solicitation at any time or (ii) otherwise amend the Tender Offer and/or the Consent Solicitation in any respect at any time and from time to time.  The Company further reserves the right, in its sole discretion, not to accept any tenders of Notes with respect to the Notes.  The Company is making the Tender Offer and the Consent Solicitation only in those jurisdictions where it is legal to do so.

Barclays Capital Inc. is acting as dealer manager for the Tender Offer and as solicitation agent for the Consent Solicitation and can be contacted at (212) 528-7581 (collect) or (800) 438-3242 (toll-free) with questions regarding the Tender Offer and the Consent Solicitation.

Copies of the Offer to Purchase are available to holders of Notes from D.F. King & Co., Inc., the information agent and the tender agent for the Tender Offer and the Consent Solicitation. Requests for copies of the Offer to Purchase should be directed to D.F. King at +1 (866)-796-3441 (toll free), +1 (212) 269-5550 (collect) or [email protected].

Neither the Offer to Purchase nor any related documents have been filed with the U.S. Securities and Exchange Commission, nor have any such documents been filed with or reviewed by any federal or state securities commission or regulatory authority of any country.  No authority has passed upon the accuracy or adequacy of the Offer to Purchase or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary.

The Tender Offer and the Consent Solicitation are being made solely on the terms and conditions set forth in the Offer to Purchase.  This press release does not constitute an offer to buy or the solicitation of an offer to sell the Notes or any other securities of the Company or any of its subsidiaries.  The Tender Offer and the Consent Solicitation are not being made to, nor will the Company accept tenders of Notes or deliveries of consents from, holders in any jurisdiction in which the Tender Offer and the Consent Solicitation or the acceptance thereof would not be in compliance with the securities of blue sky laws of such jurisdiction.  This press release also is not a solicitation of consents to the Proposed Amendments to the Indenture.  No recommendation is made as to whether Holders should tender their Notes or deliver their Consents with respect to the Notes.  Holders should carefully read the Offer to Purchase because it contains important information, including the terms and conditions of the Tender Offer and the Consent Solicitation.

About Pilgrim’s Pride

Pilgrim’s employs approximately 56,400 people and operates protein processing plants and prepared-foods facilities in 14 states, Puerto Rico, Mexico, the U.K, and continental Europe. The Company’s primary distribution is through retailers and foodservice distributors. For more information, please visit www.pilgrims.com.

Important Notice Regarding Forward-Looking Statements

Statements contained in this press release that state the intentions, plans, hopes, beliefs, anticipations, expectations or predictions of the future of Pilgrim’s Pride Corporation and its management are considered forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: matters affecting the poultry industry generally; the ability to execute the Company’s business plan to achieve desired cost savings and profitability; future pricing for feed ingredients and the Company’s products; outbreaks of avian influenza or other diseases, either in Pilgrim’s Pride’s flocks or elsewhere, affecting its ability to conduct its operations and/or demand for its poultry products; contamination of Pilgrim’s Pride’s products, which has previously and can in the future lead to product liability claims and product recalls; exposure to risks related to product liability, product recalls, property damage and injuries to persons, for which insurance coverage is expensive, limited and potentially inadequate; management of cash resources; restrictions imposed by, and as a result of, Pilgrim’s Pride’s leverage; changes in laws or regulations affecting Pilgrim’s Pride’s operations or the application thereof; new immigration legislation or increased enforcement efforts in connection with existing immigration legislation that cause the costs of doing business to increase, cause Pilgrim’s Pride to change the way in which it does business, or otherwise disrupt its operations; competitive factors and pricing pressures or the loss of one or more of Pilgrim’s Pride’s largest customers; currency exchange rate fluctuations, trade barriers, exchange controls, expropriation and other risks associated with foreign operations; disruptions in international markets and distribution channel, including anti-dumping proceedings and countervailing duty proceedings; and the impact of uncertainties of litigation as well as other risks described under “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Pilgrim’s Pride Corporation undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Pilgrim’s Pride Corporation

CINCINNATI, April 8, 2021 /PRNewswire/ — Cincinnati Bell Inc. (“Cincinnati Bell” or the “Company”) today announced that it has commenced consent solicitations (the “Consent Solicitations”) with respect to certain proposed amendments to the (i) indenture, dated as of July 1, 1993 (as supplemented and amended, the “2023 Notes Indenture”) governing its 7¹/₄% Notes due 2023 (the “2023 Notes”), (ii) indenture, dated as of September 22, 2016 (as supplemented and amended, the “2024 Notes Indenture”) governing its 7.000% Senior Notes due 2024 (the “2024 Notes”), (iii) indenture, dated as of October 6, 2017 (as supplemented and amended, the “2025 Notes Indenture”) governing its 8.000% Senior Notes due 2025 (the “2025 Notes”) and (iv) indenture, dated as of November 30, 1998 (as supplemented and amended, the “2028 Notes Indenture,” and together with the 2023 Notes Indenture, the 2024 Notes Indenture and the 2025 Notes Indenture, the “Indentures”) governing Cincinnati Bell Telephone Company LLC’s (formerly known as Cincinnati Bell Telephone Company) 6.30% Debentures due 2028, which are guaranteed by the Company (the “2028 Notes,” and together with the 2023 Notes, the 2024 Notes and the 2025 Notes, the “Notes”).

The Consent Solicitations are being conducted in contemplation of the previously announced proposed acquisition by Macquarie Infrastructure Partners (“MIP”) of the Company (the “Acquisition”), with certain funds managed by the Private Equity Group of Ares Management Corporation (“Ares”) having agreed to provide equity financing for the Acquisition. However, receipt of the Requisite Consents (as defined herein) is not necessary to complete the Acquisition. Adoption of the Proposed Amendments (as defined herein) is not a condition to the consummation of the Acquisition, and whether or not the Requisite Consents are obtained will not affect whether the Acquisition closes. 

Upon the terms and subject to the conditions described in the Consent Solicitation Statement, dated April 8, 2021 (as may be amended or supplemented from time to time, the “Consent Solicitation Statement”), the Company is soliciting consents (i) with respect to each of the Indentures, to amend the reporting covenants by replacing the requirement to file annual, quarterly and other periodic reports with the Securities and Exchange Commission with the requirement to provide certain reports to the applicable holders of the Notes through a noteholder website and (ii) with respect to the 2023 Notes Indenture and the 2028 Notes Indenture, to amend the cross-payment and cross-default provisions to substantially conform to the corresponding provisions in the 2024 Notes Indenture and the 2025 Notes Indenture (collectively, the “Proposed Amendments”).  All capitalized terms used in this press release but not defined herein have the meaning given to them in the Consent Solicitation Statement.

If the Requisite Consents are obtained and subject to the other terms and conditions in the Consent Solicitation Statement (including the consummation of the Acquisition), the Company will make a cash payment of $2.50 per $1,000 principal amount of Notes, in each case held by each holder as of the Record Date (as defined herein) who has validly delivered its consent to the applicable Proposed Amendments at or prior to the Expiration Time (as defined herein) and who has not validly revoked its consent before the applicable Effective Date. Subject to the waiver or satisfaction of all conditions set forth in the Consent Solicitation Statement, the Company will make the consent payment substantially concurrently with the consummation of the Acquisition. The Company expects the Acquisition to be consummated in the first half of 2021, subject to the satisfaction of customary closing conditions; however, no assurance is made as to the timing and likelihood of completion of the Acquisition.

The Proposed Amendments will be effected by supplemental indentures (each, as applicable, a “Supplemental Indenture”) to be entered into by the Company (in respect of the 2028 Notes, Cincinnati Bell Telephone Company LLC), the Guarantors (as applicable), and the applicable trustee as soon as practicable after the time that the Requisite Consents have been received; however, the Proposed Amendments will not become operative until the consummation of the Acquisition. In order for the Proposed Amendments Supplemental Indentures to be executed, the Company must receive valid consents in respect of (i) of not less than 66-2/3% in aggregate principal amount of the outstanding 2023 Notes (the “2023 Notes Requisite Consents”), (ii) at least a majority in aggregate principal amount of the outstanding 2024 Notes (the “2024 Notes Requisite Consents”), (iii) at least a majority in aggregate principal amount of the outstanding 2025 Notes (the “2025 Notes Requisite Consents”) and (iv) of not less than 66-2/3% in aggregate principal amount of the outstanding 2028 Notes (the “2028 Notes Requisite Consents,” and together with the 2023 Notes Requisite Consents, the 2024 Notes Requisite Consents and the 2025 Notes Requisite Consents, the “Requisite Consents”). Holders who do not deliver their Consents prior to the applicable Expiration Time shall be bound by the applicable Proposed Amendments if the applicable Supplemental Indenture becomes operative as described above. In addition, each of the Consent Solicitations is conditioned on, the consummation of the other Consent Solicitations. Regardless of the outcome of the Consent Solicitations, the Notes will continue to be outstanding and will continue to bear interest as provided in the applicable Indenture.

The Consent Solicitations will expire at 5:00 p.m.New York City time, on April 22, 2021 (such date and time, as the same may be extended by the Company from time to time, in its sole discretion, the “Expiration Time”).  Only holders of record of the Notes as of 5:00 p.m., New York City time on April 7, 2021 (the “Record Date”), are eligible to deliver consents to the Proposed Amendments in the Consent Solicitations. The Company may, in its sole discretion, terminate, extend or amend one or more of the Consent Solicitations at any time as described in the Consent Solicitation Statement.

This press release is for informational purposes only and the Consent Solicitations are being made solely on the terms and subject to the conditions set forth in the Consent Solicitation Statement. Further, this press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities. The Consent Solicitation Statement does not constitute a solicitation of Consents in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable federal securities or blue sky laws.

Copies of the Consent Solicitation Statement may be obtained from D.F. King & Co., Inc., the Information and Tabulation Agent, at (212) 269-5550 (banks and brokers), (866) 388-7452 (all others, toll free), or email at [email protected]. Holders of the Notes are urged to review the Consent Solicitation Statement for the detailed terms of the Consent Solicitations and the procedures for consenting to the Proposed Amendments. Any persons with questions regarding the Consent Solicitations should contact the Solicitation Agent, Goldman Sachs & Co. LLC, at (212) 902-6351 (collect).

About Cincinnati Bell Inc.

With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE: CBB) delivers integrated communications solutions to residential and business customers over its fiber-optic and copper networks including high-speed internet, video, voice and data. Cincinnati Bell provides service in areas of Ohio, Kentucky, Indiana and Hawaii. In addition, enterprise customers across the United States and Canada rely on CBTS and OnX for efficient, scalable office communications systems and end-to-end IT solutions. For more information, please visit www.cincinnatibell.com. The information on Cincinnati Bell’s website is not incorporated by reference in this press release.

Cautionary Statement Regarding Forward-Looking Statements

Certain of the statements in this communication contain forward-looking statements regarding future events and results that are subject to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “will,” “may,” “proposes,” “potential,” “could,” “should,” “outlook,” or variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of future financial performance, anticipated growth and trends in businesses, and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause actual results to differ materially and adversely from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: (i) the risk that the Acquisition may not be completed in a timely manner or at all; (ii) the possibility that any or all of the various conditions to the consummation of the Acquisition may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Acquisition, including in circumstances which would require Cincinnati Bell to pay a termination fee or other expenses; (iv) the effect of the announcement or pendency of the Acquisition on Cincinnati Bell’s ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (v) risks related to diverting management’s attention from Cincinnati Bell’s ongoing business operations; (vi) the risk that shareholder litigation in connection with the Acquisition may result in significant costs of defense, indemnification and liability; (vii) risks related to the recent outbreak of COVID-19 (more commonly known as the Coronavirus), including the risk that the receipt of certain approvals required to consummate the Acquisition may be delayed; and (viii) (A) those discussed in Cincinnati Bell’s Form 10-K report, Form 10-Q reports and Form 8-K reports, and (B) those discussed in other documents Cincinnati Bell filed with the SEC. Actual results may differ materially and adversely from those expressed in any forward-looking statements. Cincinnati Bell undertakes no, and expressly disclaims any, obligation to revise or update any forward-looking statements for any reason, except as required by applicable law.

For further information, please contact:

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SOURCE Cincinnati Bell Inc.