Why Shares of Primo Water Surged Today [The Motley Fool]
Primo Water Corporation (PRMW)
Last primo water corporation earnings: 11/5 04:05 pm
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US:NASDAQ Investor Relations:
ir.primowater.com
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Source: The Motley Fool
Why Shares of Primo Water Surged Today The water dispenser company strikes a deal. Shares of Primo Water ( NASDAQ:PRMW ) rose on Monday after Cott Corp. ( NYSE:COT ) announced that it had agreed to acquire the water dispenser company. Primo Water stock was up 24.3% at 1:40 p.m. EST today, while shares of Cott were down 5.4%. Cott will pay $14 per share for each share of Primo, comprised of $5.04 in cash and 0.6549 shares of Cott. Shareholders can elect to instead receive $14 in cash or 1.0229 shares of Cott. The deal is expected to close in March. The acquisition is part of Cott's plan to transition into a pure-play water solutions provider. Cott will rebrand its corporate name to Primo Water after the acquisition is complete. The combined company will have pro forma trailing-12-month revenue of roughly $2 billion, and adjusted EBITDA of roughly $324 million. Cost synergies of $35 million are expected to be realized over three years. Cott CEO Tom Harrington said, "As we turn to our
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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