Primo Water (TSE:PRMW) has released an update.
Primo Water Corporation and BlueTriton Brands, Inc. have agreed to merge in an all-stock deal, forming a major North American player in the healthy hydration market. The merger is expected to yield about $200 million in cost synergies, with the combined entity projecting $6.5 billion in net revenue and $1.5 billion in adjusted EBITDA. Primo Water also plans to issue a special dividend of up to $133 million to its shareholders before the merger’s completion.
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