Cott announces the acquisition of primo water corp

Cott announces the acquisition of primo water corporation and continues its transition into a pure-play water solutions provider.cott corp - will acquire primo water corporation for $14.00 per share payable in cash and stock.cott - transaction values primo at approximately $775 million.cott - billy d. prim and susan e. cates, current members of primo's board, will join cott's board following closing.cott - to pay about $216 million in cash to primo stockholders, funded with proceeds of new term debt issuance/ proceeds from sale of s&d coffee and tea.cott corp - has obtained financing commitments of up to $400 million from affiliate of deutsche bank securities.cott corp - expect deal will increase revenue growth & ebitda margins, be accretive to earnings per share & deliver cash on cash irr above cost of capital.cott corp - under merger agreement, co to issue about 26.8 million new shares to primo stockholders.
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