Ropes & Gray is advising Deutsche Bank in connection with its role as financial advisor to Cott Corporation in its acquisition of Primo Water Corporation. Cott has entered into a definitive agreement to acquire Primo Water for $14 per share, payable in cash and stock (or a combination thereof) at the election of Primo’s stockholders, subject to the terms of the merger agreement. The transaction values Primo at approximately $775 million. The press release is here.
Primo is a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada. The combination of Cott and Primo, along with the recent announcement of Cott's evaluation of certain strategic alternatives for its S&D Coffee and Tea business, including a sale of S&D, will transition Cott into a pure-play water company.
The Ropes & Gray team that advised Deutsche Bank was led by mergers & acquisitions and private equity partner John Sorkin (New York).
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.