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- 11/29/18--07:54: _Fiat Chrysler to sp...
- 11/29/18--08:05: _Fiat Chrysler to sp...
- 11/29/18--08:00: _$2 Billion Impregna...
- 11/29/18--08:02: _Report: Italy focus...
- 12/04/18--10:11: _‘My Brilliant Frien...
- 12/04/18--08:40: _Italy police arrest...
- 12/04/18--08:43: _Italy Says 5 Egypti...
- 12/04/18--08:54: _Fabregas to leave o...
- 12/04/18--08:54: _Alex Sandro receive...
- 12/04/18--08:52: _Italy places Egypti...
- 12/04/18--09:09: _Italy's health mini...
- 12/04/18--09:51: _Italy's Salvini cla...
- 12/04/18--09:17: _The 23rd Paley Inte...
- 12/04/18--10:03: _Nearly four dozen s...
- 12/04/18--10:07: _Ahold Delhaize anno...
- 12/04/18--10:27: _Italy investigating...
- 12/04/18--10:15: _Italy investigates ...
- 12/04/18--10:27: _Italy police arrest...
- 12/04/18--11:40: _LIVE SCORES: All th...
- 12/04/18--12:43: _Euro Paper Talk: To...
- 11/29/18--08:00: $2 Billion Impregnating Resins Market - Global Forecast to 2023
- 11/29/18--08:02: Report: Italy focuses on Egyptian agents in Regeni murder
- 12/04/18--10:11: ‘My Brilliant Friend’ Renewed for Season 2 at HBO
- 12/04/18--08:40: Italy police arrest mafia's alleged new mob boss in Sicily
- 12/04/18--08:54: Fabregas to leave on a free?
- 12/04/18--08:54: Alex Sandro receives PL offer?
- 12/04/18--09:09: Italy's health minister sacks public health advisers
- 12/04/18--09:51: Italy's Salvini clashes with judge over premature tweet
- 12/04/18--10:27: Italy investigating 5 Egyptians in student's murder
- 12/04/18--10:27: Italy police arrest alleged new mafia boss in Sicily
- 12/04/18--11:40: LIVE SCORES: All the goals as they go in
Fiat Chrysler plans to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy over the next three years to try to make better use of factories and boost jobs and margins.
Reported by Reuters 18 minutes ago.
Fiat Chrysler plans to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy over the next three years to try to make better use of factories and boost jobs and margins.
Reported by Reuters India 6 minutes ago.
Dublin, Nov. 29, 2018 (GLOBE NEWSWIRE) -- The "Impregnating Resins Market by Type (Solventless, Solvent-based), Application (Motors and Generators, Home Appliances, Transformers, and Automotive Components), and Region (North America, Europe, APAC, and RoW) - Global Forecast to 2023" report has been added to *ResearchAndMarkets.com's* offering.The impregnating resins market is projected to grow from USD 1.5 billion in 2018 to USD 2.0 billion by 2023, at a CAGR of 6.4% from 2018 to 2023.The growth of this market can be attributed to the technological advancements in the automotive industry. Another factor driving the impregnating resins market is the augmentation and modernization of the transmission & distribution network.However, factors such as the volatility of raw material prices and less efficiency of solvent-based resin system are restraining the growth of the market. Most of the raw materials used in the production of impregnating resins are petroleum products. The prices of these raw materials have been highly volatile in recent times, touching a five-year low, which affected the growth of the market.
*Solventless impregnating resins to be the fastest-growing type, in terms of volume and value in the market during the forecast period.*
Solventless is projected to be the fastest-growing type segment during the forecast period. The resin system offers various advantages such as stability at room temperature, high reactivity, adaptability on any type of machine and process, high resin film build, and excellent technical properties oven other resin systems. The high growth of this market can be attributed to the increasing demand from electrical & electronics industry in emerging economies such as China and India.
*Motors and generators application to be the largest application of impregnating resins in terms of volume and value.*
The large consumption of the motors and generators in various sectors such as industrial, agriculture, residential, commercial, and transportation is driving the market in motors and generators application. The growing urbanization and industrialization are responsible for the high demand for motors and generators application in the emerging economies, which, in turn, is expected to increase the demand for impregnating resins.
*North America projected to be the largest impregnating resins market, in terms of volume, during the forecast period.*
Strong automotive and electrical & electronics manufacturing base is responsible for the large market share of the North American region. The US is the largest market in North America owing to its well-established industrial base. The slow growth rate in the North American and European markets is expected to affect the demand for impregnating resins in these regions during the forecast period.The report profiles several leading players of the impregnating resins market that include Elantas GmbH (Germany), Axalta Coating Systems (US), Von Roll Holdings AG (Switzerland), Hitachi Chemicals Company Ltd. (Japan), and Kyocera Corporation (Japan).
*Key Topics Covered:**1 Introduction*
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.5 Unit Considered
*2 Research Methodology*
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions and Limitations
*3 Executive Summary*
*4 Premium Insights*
4.1 Attractive Opportunities in the Impregnating Resins Market
4.2 Impregnating Resins Market, By Type
4.3 Impregnating Resins Market, By Application
4.4 Impregnating Resins Market, By Region
4.5 North American Impregnating Resins Market, By Application and Country
*5 Market Overview*
5.2 Market Dynamics
188.8.131.52 Technological Advancement in the Automotive Industry
184.108.40.206 Augmentation and Modernization of the Transmission & Distribution Network
220.127.116.11 Increasing Demand for Electricity, Globally
18.104.22.168 Growth of Renewable Energy
22.214.171.124 Volatility in Raw Material Prices
126.96.36.199 Less Efficiency of Solvent-Based Resin Systems
188.8.131.52 Adopting Smart Grid Technology
184.108.40.206 Product Innovation and Continuous R&D
5.3 Porter's Five Forces Analysis
*6 Impregnating Resins Market, By Type*
6.2.1 Increased Use in Emerging Countries to Drive the Demand
6.3.1 Increased Use in Developed Regions and Eco-Friendly Properties to Drive the Demand
6.4.1 Need for Eco-Friendly Solutions in Automotive and Electrical & Electronics Industries to Drive the Demand
*7 Impregnating Resins Market, By Application*
7.2 Motors and Generators
7.2.1 Rapid Urbanization and Industrialization to Drive Demand in the Motors and Generators Application
7.3.1 Smart Grids and Increasing Electricity Demand to Drive the Market During the Forecast Period
7.4 Home Appliances
7.4.1 Increasing Consumer Demand and Urbanization to Drive the Market Between 2018 and 2023
7.5 Automotive Components
7.5.1 Increasing Demand and Innovative Technologies to Drive the Market
7.6.1 Increasing Demand in Construction Industry to Drive the Market During the Forecast Period
*8 Impregnating Resins Market, By Region*
8.2 North America
220.127.116.11 US Accounted for the Largest Market Size for Impregnating Resins in North America
18.104.22.168 New Technologies and Improved Investments By the Government Will Drive the Market
22.214.171.124 Automotive Components and Home Appliances Applications to Drive the Impregnating Resins Market
126.96.36.199 Rapid Growth of the Electrical & Electronics Industry to Drive the Impregnating Resins Market
188.8.131.52 Automotive Components Application to Grow at A High Rate in the Impregnating Resins Market in France
184.108.40.206 Rising Global as Well as Domestic Demand for Automobiles Will Drive the Impregnating Resins Market
220.127.116.11 Strong Automotive and Electrical & Electronics Manufacturing Bases Drive the Impregnating Resins Market
18.104.22.168 Investment in Renewable Energy Will Drive the Impregnating Resins Market
8.3.6 Rest of Europe
22.214.171.124 China Accounted for the Largest Market Share of Impregnating Resins in APAC
126.96.36.199 Growth in Demand for Electric Cars and Technological Developments Will Drive the Impregnating Resins Market
188.8.131.52 Rapid Growth in the Industrial Sector to Propel the Impregnating Resins Market in India
184.108.40.206 Augmentation and Modernization of the Transmission & Distribution Network to Propel the Market
8.4.5 Rest of APAC
220.127.116.11 Strong Automotive Manufacturing Base in the Region is Responsible for the Large Market Share of the Country
8.5.2 South Africa
18.104.22.168 Growth in Renewable Energy Will Drive the Impregnating Resins Market
*9 Competitive Landscape*
9.2 Market Ranking of Key Players
9.2.2 Axalta Coating Systems
9.2.3 Von Roll Holdings
9.2.4 Hitachi Chemicals
9.2.5 Kyocera Corporation
9.3 Competitive Situations & Trends
9.3.1 New Product Launch
9.3.2 Investment & Expansion
*10 Company Profiles*
10.2 Axalta Coating Systems
10.3 Von Roll Holdings
10.4 Hitachi Chemicals
10.5 Kyocera Corporation
10.6 3M Company
10.10 Wacker Chemie
10.11 Other Players
10.11.1 Aditya Birla Chemicals
10.11.2 Bodo Moller Chemie Group
10.11.3 Denmark Group
10.11.4 Ranbar Electrical Materials
10.11.5 Robnor ResinlabFor more information about this report visit https://www.researchandmarkets.com/research/bj39xt/2_billion?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Laura Wood, Senior Press Manager
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Related Topics: Plastic Resins Reported by GlobeNewswire 12 minutes ago.
MILAN (AP) — Italian news agency ANSA says prosecutors are set to open an investigation against seven Egyptian secret service members related to the torture and murder of an Italian researcher in January 2016.ANSA reported Thursday...
Reported by New Zealand Herald 9 minutes ago.
HBO and Italy’s RAI have renewed the Elena Ferrante adaptation “My Brilliant Friend” for a second season, the two companies announced on Tuesday.
The Italian-language drama is set to conclude its eight-episode first season later this month, while the second outing is to be based on “The Story of a New Name,” the second book in Ferrante’s series.
“We’re thrilled that Elena Ferrante’s epic story has resonated so powerfully with viewers and critics, and we look forward to the continuing journey of Elena and Lila,” HBO programming boss Casey Bloys said in a statement.
*Also Read:* Laura Dern and Issa Rae Team for HBO Limited Series 'The Dolls'
“RAI is deeply proud of the extraordinary success of ‘My Brilliant Friend.’ It’s an important milestone that confirms our commitment to focusing on international co-production, as well as on the value of Italian talent,” said RAI CEO Fabrizio Salini.
An adaptation of the acclaimed 2012 novel of the same name, the first season of “My Brilliant Friend” is the tale of Elena Greco (Elisa Del Genio as the younger version, Margherita Mazzucco as a teenager) and the most important friend in her life. She met Raffaella Cerullo (played by Ludovica Nasti and Gaia Girace), whom she has always called Lila, in the first year of primary school in 1950.
Set in a dangerous and fascinating Naples, their story goes on to cover more than 60 years of their lives — across three additional books in the series — and explores the mystery of Lila, “Elena’s brilliant friend and – in a way – both her best friend and her worst enemy.”
*Also Read:* HBO Orders Stephen King Adaptation 'The Outsider' Starring Ben Mendelsohn
“We are profoundly proud that this story will continue to captivate audiences worldwide,” adds Lorenzo Mieli, CEO of Wildside and a producer of the series, along with Mario Gianani and Domenico Procacci. “We are even prouder that this result was achieved through the creativity, vision and passionate commitment of an extraordinary [sic] talented team of Italian professionals, led by Saverio Costanzo.”
Saverio Costanzo directed all eight episodes of the first season, with story and screenplays by Ferrante, Francesco Piccolo, Laura Paolucci and Costanzo. Paolo Sorrentino and Jennifer Schuur are the executive producers.
*Related stories from TheWrap:*
Laura Dern and Issa Rae Team for HBO Limited Series 'The Dolls'
HBO Orders Stephen King Adaptation 'The Outsider' Starring Ben Mendelsohn
Taylor Kitsch to Star as 'Family-Oriented Drug Dealer' on Drama in the Works at HBO Reported by The Wrap 3 hours ago.
An 80-year-old jeweller is suspected of recently being promoted to lead the Cosa Nostra mafia in Palermo.
Reported by Sydney Morning Herald 4 hours ago.
Giulio Regeni, a doctoral student at Cambridge, was found dead in Cairo in 2016. His killing has vexed relations between Egypt and Italy ever since.
Reported by NYTimes.com 4 hours ago.
According to reports in Italy, Chelsea midfielder Cesc Fabregas will be allowed to leave on a free transfer as speculation continues over his future in the sport. The belief is that he can sign a pre-contract with a club outside of the Premier League in the January transfer window, before then spending the final few […]
The post Fabregas to leave on a free? appeared first on Soccer News. Reported by SoccerNews.com 4 hours ago.
According to some reports in Italy, Alex Sandro has received an £8.9 million per year offer from an unnamed Premier League team. The blockbuster team would mean he’d earn around £170,000 per week which would easily put him amongst the highest earners in the division – and all of Europe. Sandro was heavily linked with […]
The post Alex Sandro receives PL offer? appeared first on Soccer News. Reported by SoccerNews.com 4 hours ago.
Reported by Telegraph.co.uk 4 hours ago.
ROME (AP) — Italy's health minister has removed 30 doctors and scientists from the ministry's public health advisory committee as part of the "government of change" promised by the 5-Star Movement and League. Giulia Grillo is from the 5-Star Movement, which opposes the previous Democratic Party-led government's move to increase the number of mandatory vaccinations to 10. Grillo has said she's in favor of vaccinations but wants a more flexible approach. The scientists that were sacked say they were removed without legitimate reason or warning. Grillo said she wanted to open the board to other worthy members.
Reported by SeattlePI.com 4 hours ago.
Italy's Interior Minister Matteo Salvini clashed with one of the country's most respected judges on Tuesday after sending a congratulatory tweet for the arrest of "15 Nigerian mobsters" before the operation was complete.
Reported by Reuters 3 hours ago.
The Paley International Council Summit Returned to Europe; Frank A. Bennack, Jr., Officially Opened the 23rd Annual Paley International Council Summit
New York, NY, Dec. 04, 2018 (GLOBE NEWSWIRE) -- *NEW YORK, NY, December 4, 2018* – The Paley Center for Media held its 23rd Paley International Council Summit in London on November 30, marking the Summit’s return to Europe.
For more than twenty years the Paley International Council Summit has brought together world dignitaries and CEOs from today’s top media and technology companies to advance the exchange of ideas and foster a sense of community. This year’s theme Rethinking the Game: Moving Media Forward in 2019 and Beyond, tackled the most vital issues facing today’s media landscape, featuring the most significant leaders in media, government, and technology.
“We were honored to return to London for very timely and informative conversations on the issues facing the global media landscape,” said Frank A. Bennack, Jr., Chairman of The Paley Center for Media and Executive Vice Chairman of Hearst. “The Paley International Council Summit is unique in providing a neutral platform to open discussions at the highest level in times of transformation, disruption, and opportunity, with leaders who have shaped the industry and its future.”
“This year’s Paley International Council Summit not only addressed the pressing issues facing the media industry, but also explored the global issues facing all organizations including safeguarding national and cyber security, maintaining trust and transparency, and developing brands that align with the core values of today’s consumers,” said Maureen J. Reidy, the Paley Center’s President & CEO. “We are pleased to have convened this distinguished group of leaders during such an exciting and transformative time in media.”
The many distinguished speakers that presented included Robert M. Gates, former United States Secretary of Defense, who delivered the opening keynote interview with Frank A. Bennack, Jr. about the political landscape covering global affairs, policy and perspective.
Rt Hon Jeremy Wright MP, Secretary of State for the UK Department for Digital, Culture, Media and Sport presented *Maintaining a Healthy Media Sector in the Digital Age.* “The Paley Center for Media has done so much to set the agenda for developments in US and international media, and continues to support the growth of creative industries on both sides of the Atlantic,” said Wright. “Over decades and centuries, our nations have joined forces to address some of the world’s biggest challenges and to smash creative boundaries. We are facing new challenges, that threaten the nature of liberal democracies and the civil society that underpins any healthy community. High quality media and broadcasting remain some of our strongest defenses against these dark forces.”
Featured discussions included:* *
· *Political Landscape: Global Affairs, Policy, and Perspective: Robert Gates in a Dialogue with Paley Chair Frank A. Bennack, Jr. *with Robert M. Gates, 22nd Secretary of Defense of the United States; Principal, RiceHadleyGates LLC and Frank A. Bennack, Jr., Executive Vice Chairman, Hearst; Chairman, The Paley Center for Media
· *The Future of Advertising* with Mark Read, CEO, WPP and Michael Kassan, Chairman & CEO, MediaLink
· *Building a Global Brand on a Commitment to Community: A Conversation with Faiza J. Saeed & Howard Schultz* with Faiza J. Saeed, Presiding Partner, Cravath, Swaine & Moore LLP and Howard Schultz, Chairman Emeritus, Starbucks Coffee Company
· *Snapchat: Reimagining Communications and Content on Mobile: A Conversation with Evan* *Spiegel* with Evan Spiegel, Cofounder & CEO, Snap Inc. and Thorold Barker, Wall Street Journal Europe, Middle East, and Africa
· *A View from the Top: Navigating New Terrain in Mass Media Today: A Conversation with Arnaud de Puyfontaine *with Arnaud de Puyfontaine, President & CEO, Vivendi and Adam Bird, Senior Partner, McKinsey & Company
· *Maintaining a Healthy Media Sector in the Digital Age *with Rt Hon Jeremy Wright MP, Secretary of State for the UK Department for Digital, Culture, Media and Sport
· *The Case for Trust & Transparency *with Megan Clarken, Global President of Watch, Nielsen
· *Cybersecurity & Mitigating Risk: Protecting Your Privacy, Content, Clients, and Users* with Robert Hannigan, European Executive Chairman, BlueVoyant Cyber Security; Sir Julian King, Commissioner for the Security Union, European Commission; Jim Richberg, National Intelligence Manager for Cyber, U.S. Office of the Director of National Intelligence; Sir John Sawers, Chairman & Partner, Macro Advisory Partners; and Matthew Gould, Director General for Digital and Media Policy, UK Department for Digital, Culture, Media and Sport
· *From Studios to Stadiums: Where Business Models of the Past Meet Technology of the Future: A Conversation with Aryeh B. Bourkoff & Strauss Zelnick,* with Aryeh B. Bourkoff, Founder & CEO, LionTree and Strauss Zelnick, Chairman & CEO, Take-Two Interactive Software
· *Blockchain & Cryptocurrency: Modern Solutions to Age-Old Problems* with Zeeshan Feroz, UK, CEO, Coinbase; Jason Kelley, General Manager, Blockchain Services, IBM Global Business Services; Amber Nystrom, Cofounder, 5^th Element Group PBC; Brock Pierce, Chairman, Bitcoin Foundation; and Cristiana Falcone, CEO, JMCMRJ Sorrell Foundation
· *Aligning Your Brand in a Cause-Driven World *with Marc Mathieu, Chief Marketing Officer, Samsung Electronics America; Roxane Philson, Chief Marketing Officer, ONE; Raja Rajamannar, Chief Marketing & Communications Officer and President for Healthcare, Mastercard; Dara Treseder, former Chief Marketing Officer, GE Business Innovations and GE Ventures; and Joe Marchese, President, Advertising Revenue, Fox Networks Group
· *Silicon Europe: A New Tech and Entrepreneurship Generation *with Pascal Cagni, France’s Ambassador for International Investment & Chairman of Business France and Nate Lanxon, Technology Editor, Bloomberg News
· *Telecom in the Modern Media Landscape *with Dexter Goei, CEO, Altice USA; Ben Verwaayen, General Partner, Keen Venture Partners; and Jonathan Miller, CEO, Integrated Media Company
· *State of News 2018: Polarization, Propaganda, and Partisanship* with Jamie Angus, Director, BBC World Service Group; Thorold Barker, Editor, Wall Street Journal Europe, Middle East, and Africa; Thomas Evans, Vice President, EMEA Newsgathering & London Bureau Chief, CNN; James Harding, Cofounder & Editor, Tortoise Media; and Stewart Purvis, Board Director, Channel Four, UK
The Paley International Council Summit 2018 is sponsored by: Hearst; McKinsey & Company, the Official Knowledge Partner; Nielsen; and Xandr; with additional support by Virgin Atlantic Airways and Delta Air Lines.
For more about the 2018 Paley International Council Summit please visit paley.me/summit2018*.*
*Media Contact: *Teresa Brady, The Paley Center for Media, 212-621-6697, firstname.lastname@example.org
# # #
About the Paley International Council Summit
The Annual Summit brings together global leaders and CEOs of the world’s most important media companies to advance the exchange of ideas and to foster a sense of community. The Summit was first held in 1995 in Italy, and, over the years, has been held in China, South Africa, Germany, Austria, India, Monaco, Spain, France, Turkey, Mexico, the United Kingdom, as well as the United States.
About The Paley Center for Media
The Paley Center for Media, a 501(c)(3) nonprofit organization with locations in New York and Los Angeles, leads the discussion about the cultural, creative, and social significance of television, radio, and emerging platforms for the professional community and media-interested public. Drawing upon its curatorial expertise, an international collection, and close relationships with the leaders of the media community, the Paley Center examines the intersections between media and society. The general public can access the Paley Center’s permanent media collection, which contains over 160,000 television and radio programs and advertisements, and participate in programs that explore and celebrate the creativity, the innovations, the personalities, and the leaders who are shaping media. Through the global programs of its Media Council and International Council, the Paley Center also serves as a neutral setting where media professionals can engage in discussion and debate about the evolving media landscape. Previously known as The Museum of Television & Radio, the Paley Center was founded in 1975 by William S. Paley, a pioneering innovator in the industry. For more information, please visit paleycenter.org
Hearst is a leading global, diversified media, information and services company with more than 360 businesses. Its major interests include ownership in cable television networks such as A&E, HISTORY, Lifetime and ESPN; global financial services leader Fitch Group; Hearst Health, a group of medical information and services businesses; transportation assets including CAMP Systems International, a major provider of software-as-a-service solutions for managing maintenance of jets and helicopters; 31 television stations such as WCVB-TV in Boston and KCRA-TV in Sacramento, Calif., which reach a combined 19 percent of U.S. viewers; newspapers such as the Houston Chronicle, San Francisco Chronicle and Albany Times Union, more than 300 magazines around the world including Cosmopolitan, ELLE, Men’s Health and Car and Driver; digital services businesses such as iCrossing and KUBRA; and investments in emerging digital entertainment companies such as Complex Networks. For more information, visit hearst.com or follow us on Twitter @HearstLive and @Hearst.
About McKinsey & Company
McKinsey & Company is a global management consulting firm, deeply committed to helping institutions in the private, public, and social sectors achieve lasting success. For more than 90 years, our primary objective has been to serve as our clients' most trusted external advisor. With consultants in 129 cities in 65 countries, across industries and functions, we bring unparalleled expertise to clients anywhere in the world. We work closely with teams at all levels of an organization to shape winning strategies, mobilize for change, build capabilities, and drive successful execution. For more information, visit mckinsey.com
Nielsen Holdings plc is a global measurement and data analytics company that provides the most complete and trusted view available of consumers and markets worldwide. Our approach marries proprietary Nielsen data with other data sources to help clients around the world understand what’s happening now, what’s happening next, and how to best act on this knowledge. For more than 90 years Nielsen has provided data and analytics based on scientific rigor and innovation, continually developing new ways to answer the most important questions facing the media, advertising, retail and fast-moving consumer goods industries. An S&P 500 company, Nielsen has operations in over 100 countries, covering more than 90% of the world’s population. For more information, visit nielsen.com or follow us on Twitter and Facebook @Nielsen.
Xandr is creating a better solution for advertisers and publishers to find and reach specific audiences at scale in trusted, premium content environments. As a current leader in advanced TV advertising, we help advertisers deliver the right message, at the right time, on almost any device through our AppNexus technology. We are rooted in a tradition of responsible data usage. For more than 140 years, AT&T has used data and technology to inform and improve the customer experience. For more information, visit xandr.com
CONTACT: Teresa Brady
The Paley Center for Media
TBrady@paleycenter.org Reported by GlobeNewswire 4 hours ago.
Based on wiretaps, police determined that Settimo Mineo was elected head of a reconstructed "cupola," or provincial mob commission, during a May 29 meeting in Palermo.
Reported by euronews 3 hours ago.
Zaandam, the Netherlands, December 4, 2018 - Koninklijke Ahold Delhaize N.V. (the "Company" or "Ahold Delhaize") announced today the pricing of its previously announced offer to purchase for cash up to $350,000,000 principal amount (the "Maximum Tender Amount") of its 5.70% Senior Notes due 2040 originally issued by Delhaize Group NV/SA (which entity merged into the Company effective July 24, 2016) (the "Notes"). The Company refers to its offer to purchase the Notes as the "Offer".
The Offer is being made upon the terms and is subject to the conditions set forth in the Offer to Purchase, dated November 19, 2018 (as it may be amended or supplemented from time to time, the "Offer to Purchase").
The "Total Consideration" for each $1,000 principal amount of Notes tendered and accepted for purchase pursuant to the Offer was determined in the manner described in the Offer to Purchase by reference to the fixed spread specified in the Offer to Purchase over the yield based on the bid-side price of the Reference U.S. Treasury Security specified in the Offer to Purchase. The reference yield (as determined pursuant to the Offer to Purchase) listed in the table below was calculated at 11:00 a.m., New York City time, today, December 4, 2018, by the Dealer Managers (as defined below). The Total Consideration includes an early tender premium of $50 per $1,000 principal amount of Notes accepted for purchase by the Company. All payments for Notes purchased in connection with the Early Tender Time will also include accrued and unpaid interest from the last interest payment date for the Notes up to, but excluding, the Early Settlement Date, which is currently anticipated to be December 6, 2018.
The following table sets forth certain pricing information for the Offer:
*CUSIP/ISIN Nos.* *Title of Security* *Reference Security* *Reference Yield* *Fixed Spread (basis points)* *Total Consideration**^**(1)(2****^)* *Early Tender Premium**^**(1)****^(2)* *Tender Offer Consideration^(2)*
US24668PAE79 5.70% Senior Notes due 2040 3.00% U.S. Treasury Notes due 8/15/2048 3.217% + 165 bps $$1,111.14 $50.00 $1,061.14
(1) The Total Consideration includes the Early Tender Premium.
(2) Per $1,000 principal amount of the Notes.
Although the Offer is scheduled to expire at 11:59 p.m., New York City time, on December 17, 2018, the Company does not expect to accept for purchase any tenders of Notes after the Early Tender Time because the aggregate principal amount of Notes that were validly tendered and not validly withdrawn as of the Early Tender Time exceeded the Maximum Tender Amount.
J.P. Morgan Securities LLC and Merrill Lynch International are acting as the dealer managers (the "Dealer Managers") for the Offer. The information and tender agent for the Offer (the "Information and Tender Agent") is D.F. King & Co., Inc.
Requests for documentation for the Offer should be directed to D.F. King & Co., Inc. at (866) 342-8290 (U.S. toll-free) or (212) 269-5550 (banks and brokers) or by email at AD@dfking.com. Questions regarding the Offer should be directed to J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (212) 834-8553 (collect) or Merrill Lynch International at (888) 292-0070 (US toll-free), (980) 387-3907 (US collect), +44 29 7996 5420 (in Europe) or DG.LM_EMEA@baml.com (by email).
Capitalized terms used but not otherwise defined in this announcement have the meanings given to them in the Offer to Purchase.* *
*Offer and Distribution Restrictions*
This press release is neither an offer to purchase nor a solicitation to buy any of the Notes nor is it a solicitation for acceptance of any of the Offer. Ahold Delhaize is making the Offer only by, and pursuant to the terms of, the Offer to Purchase. The Offer is not being made to (nor will tenders of Notes be accepted from or on behalf of) holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities or "blue sky" laws require offers to be made by a licensed broker or dealer, any offer will be deemed to be made on behalf of Ahold Delhaize by the Dealer Managers, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. This announcement must be read in conjunction with the Offer to Purchase. None of Ahold Delhaize, the Dealer Managers or the Information and Tender Agent makes any recommendation as to whether holders should tender their Notes pursuant to the Offer.
The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this press release comes are required by each of the Company, the Dealer Managers and the Information and Tender Agent to inform themselves about and to observe any such restrictions.
The communication of the Offer to Purchase and any other documents or materials relating to the Offer has not been approved by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the "FSMA"). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials is exempt from the restriction on financial promotions under section 21(1) of the FSMA on the basis that it is only directed at and may only be communicated to (1) those persons who are existing members or creditors of the Company or other persons within Article 43(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, (2) persons outside the United Kingdom, and (3) any other persons to whom such documents and/or materials may lawfully be communicated in circumstances in which section 21(1) of the FSMA does not apply to the Company (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which such documents and/or materials relates is available only to and will be engaged in only with Relevant Persons, and any person who is not a Relevant Person should not rely on them.
Neither the Offer to Purchase nor any other documents or materials relating to the Offer have been submitted to or will be submitted for approval or recognition to the Financial Services and Markets Authority (Autorité des services et marchés financiers / Autoriteit voor financiële diensten en markten) and, accordingly, the Offer may not be made in Belgium by way of a public offering, as defined in Articles 3 and 6 of the Belgian Law of April 1, 2007 on public takeover bids as amended or replaced from time to time (the "Belgian Takeover Law"). Accordingly, the Offer may not be advertised and the Offer will not be extended, and neither the Offer to Purchase nor any other documents or materials relating to the Offer (including any memorandum, information circular, brochure or any similar documents) has been or shall be distributed or made available, directly or indirectly, to any person in Belgium other than "qualified investors" as referred to in Article 6, §3 of the Belgian Takeover Law and as defined in Article 10 of the Belgian Law of June 16, 2006 on the public offer of investment instruments and the admission to trading of investment instruments on regulated markets, acting on their own account and provided that any such person does not qualify as a "consumer" within the meaning of the Belgian Code of 28 January 2013 on economic law, as amended or replaced from time to time. The Offer to Purchase has been issued only for the personal use of the above qualified investors and exclusively for the purpose of the Offer. Accordingly, the information contained in the Offer to Purchase may not be used for any other purpose or disclosed to any other person in Belgium.
The Offer is not being made, directly or indirectly, to the public in France. Neither the Offer to Purchase nor any other documents or offering materials relating to the Offer, has been or shall be distributed to the public in France and only (i) providers of investment services relating to portfolio management for the account of third parties (personnes fournissant le service d'investissement de gestion de portefeuille pour compte de tiers) and/or (ii) qualified investors (investisseurs qualifiés) acting for their own account, other than individuals, all as defined in, and in accordance with, Articles L.411-1, L.411-2 and D.411-1 of the French Code monétaire et financier, are eligible to participate in the Offer. The Offer to Purchase has not been submitted to the clearance procedures (visa) of the Autorité des marchés financiers.
None of the Offer, the Offer to Purchase or any other documents or materials relating to the Offer has been or will be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa ("CONSOB"), pursuant to applicable Italian laws and regulations.
The Offer is being carried out in the Republic of Italy ("Italy") as an exempted offer pursuant to article 101-bis, paragraph 3-bis of the Legislative Decree No. 58 of February 24, 1998, as amended (the "Financial Services Act"), and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of May 14, 1999, as amended (the "CONSOB Regulation"). The Offer is also being carried out in compliance with article 35-bis, paragraph 7 of the CONSOB Regulation.
Holders or beneficial owners of the Notes located in Italy can tender the Notes through authorized persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in Italy in accordance with the Financial Services Act, CONSOB Regulation No. 20307 of February 15, 2018, as amended from time to time, and Legislative Decree No. 385 of September 1, 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority.
Each intermediary must comply with the applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Notes or the Offer.
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