Primo Water Corporation
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PRIMO WATER MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF PRIMO WATER CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – PRMW
January 13, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Primo Water Corporation (NASDAQ: PRMW) to Cott Corporation (“Cott”) is fair to Primo Water shareholders. On behalf of Primo Water shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Under the terms of the merger agreement, each share of Primo Water common stock will be exchanged for $5.04 in cash and 0.6549 common shares of Cott, or, at the election of Primo Water’s stockholders, for $14.00 in cash or 1.0229 common shares of Cott, subject to the proration procedures set forth in the merger agreement.
The Primo Water merger investigation concerns whether Primo Water and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Primo Water shareholders; (2) determine whether Cott is underpaying for Primo Water; and (3) disclose all material information necessary for Primo Water shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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