NEW YORK, Jan. 14, 2020 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Primo Water
Corporation ("Primo" or the "Company") (NASDAQ: PRMW) in connection
with the proposed acquisition of the Company by Cott Corporation
("COT") (NYSE: COT). Under the terms of the acquisition
agreement, Primo shareholders will receive $5.04 in cash and 0.6549 COT shares;
alternatively, PRMW shareholders can elect to receive $14.00 in cash or 1.0229 COT shares. The
deal is scheduled to close in March
2020.
If you own PRMW shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
https://weisslawllp.com/primo-water-corporation/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether Primo's Board acted to
maximize shareholder value prior to entering into the acquisition
agreement. Notably, the Company's third quarter 2019 net
sales grew 6.4% year-over-year. Additionally, Primo's stock
has an average rating of "buy."
Given these facts, WeissLaw is concerned whether the proposed
acquisition agreement undervalues the Company, whether the Board
ran a fair process, and whether all material information related to
the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-primo-water-corporation-300987002.html
SOURCE WeissLaw LLP