Primo's stock shoots up after buyout deal from Cott for 26% premium [MarketWatch]
Primo Water Corporation (PRMW)
Last primo water corporation earnings: 11/5 04:05 pm
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Source: MarketWatch
Primo's stock shoots up after buyout deal from Cott for 26% premium Shares of Primo Water Corp. PRMW, -0.81% shot up 26% in premarket trading Monday, after Cott Corp. COT, +1.51% BCB, +1.65% said it was buying the water company in a cash and stock deal valued at $775 million. Under terms of the deal, Cott will pay $14.00 for each Primo share outstanding, which is a 26.2% premium to Friday's stock closing price of $11.09. Cott said it exchange $5.04 in cash and 0.6549 Cott shares for each Primo share, or at the election of Primo shareholders, the bid would be for $14 in cash or 1.0229 Cott shares. The deal is expected to close in March 2020. Primo shares have lost 9.5% over the past three months through Friday and Cott's stock has climbed 10.4%, while the S&P 500 SPX, -0.29% has advanced 9.9%.
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News
- Is It Time To Consider Buying Primo Water Corporation (TSE:PRMW)? [Yahoo! Finance]Yahoo! Finance
- Primo Water Announces Date for First Quarter 2024 Earnings Release and Details Relating to the 2024 Annual and Special Meeting of Shareowners [Yahoo! Finance]Yahoo! Finance
- Primo Water Announces Date for First Quarter 2024 Earnings Release and Details Relating to the 2024 Annual and Special Meeting of ShareownersPR Newswire
- The New Primo Water Has Momentum Primed For An Eventual Breakout [Seeking Alpha]Seeking Alpha
- Reasons to Add Primo Water (PRMW) to Your Portfolio Now [Yahoo! Finance]Yahoo! Finance
PRMW
Earnings
- 2/22/24 - Miss
PRMW
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- PRMW's page on the SEC website