Primo Water (PRMW) announced that at the special meeting of shareowners, the company’s shareowners voted to approve the resolutions related to the previously announced business combination transaction with an affiliate of BlueTriton Brands. The Transaction is expected to close on or about November 8, subject to final court approval of the plan of arrangement for the Transaction and satisfaction of certain other customary closing conditions set forth in the Arrangement Agreement and Plan of Merger, dated June 16, as amended. In connection with the anticipated closing, the company announced that it will change its name to Primo Brands Corporation and will use the ticker symbol “PRMB” following the closing. At closing, Primo Water common shares will be exchanged for Class A common stock of Primo Brands at an exchange ratio of one common share to one share of Class A common stock of Primo Brands. The Class A common stock of Primo Brands is expected to begin trading on the New York Stock Exchange on Monday, November 11.
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