BALA CYNWYD, PA / ACCESSWIRE / January 13, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Primo Water Corporation ("Primo Water" or "the Company") (PRMW) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by Cott Corporation ("Cott"). Under the terms of the agreement, Primo Water shareholders will receive one of the following: (i) $5.04 in cash and 0.6549 shares of Cott; (ii) $14.00 in cash or (iii) 1.0229 shares of Cott for each share of Primo Water they own.
The investigation concerns whether the Primo Water Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Cott is underpaying for the Company. For example, the deal consideration is significantly below the Company's 52-week high of $16.35. Additionally, the average twelve-month analyst price target is $15.67, with at least one target at $19.00 per share.
If you own shares of Primo Water stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/primo-water-corporation-nasdaqgm-prmw/, or calling toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Law Office of Brodsky & Smith, LLC
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