MILWAUKEE, June 18, 2024 /PRNewswire/ — Ademi LLP is investigating Primo Water (NYSE: PRMW) (TSX: PRMW) for possible breaches of fiduciary duty and other violations of law in its transaction with BlueTriton.
Click here to learn how to join the https://www.ademilaw.com/case/primo-water-corporation-0 or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Primo Water shareholders will exchange their shares into shares of a new holding company. Upon closing of the transaction, Primo Water shareholders and holders of incentive equity are expected to own 43% of the fully diluted shares of NewCo, and BlueTriton shareholders are expected to own 57% of the fully diluted shares of NewCo. The transaction agreement unreasonably limits competing transactions for Primo Water by imposing a significant penalty if Primo Water accepts a competing bid. Primo Water insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Primo Water’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Primo Water common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/primo-water-corporation-0.
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.
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