Cott Acquisition of Primo Water Corporation
|Areas||Corporate and Commercial, Mergers and Acquisitions|
Goodmans LLP represented Cott Corporation (“Cott”) in connection with its transformative acquisition of Primo Water Corp., a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the US and Canada (“Primo”), for $14.00 per share, for a total transaction value of US$775 million.
Significantly, the combination of Cott and Primo, along with Cott’s concurrent sale of S&D Coffee and Tea transitioned Cott into a pure-play water company.
As a part of the transaction, Cott rebranded itself as “Primo Water Corporation” and its common shares trade under the ticker PRMW on the NYSE and the TSX.