Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Primo Water Corporation has obtained a Fair Price in its sale to Cott Corporation
MILWAUKEE, Jan. 13, 2020 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Primo Water (Nasdaq: PRMW) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Cott.
Click here to learn how to join the action: http://ademilaw.com/case/primo-water-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Primo Water's financial outlook is improving and yet shareholders will receive only the equivalent of $14 for each share of Primo Water, in a transaction valued at approximately $775 million. The merger agreement unreasonably limits competing bids for Primo Water by prohibiting solicitation of further bids, and imposing a termination penalty if Primo Water accepts a superior bid. Primo Water insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Primo Water's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Primo Water.
If you own common stock in Primo Water and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/primo-water-corporation.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi & O'Reilly, LLP
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