Primo Water To Merge With BlueTriton In Strategic All-Stock Deal, Projecting $1.5B In Adjusted EBITDA
Portfolio Pulse from Benzinga Newsdesk
Primo Water is set to merge with BlueTriton in an all-stock deal, projecting $1.5 billion in adjusted EBITDA. The merger is expected to generate $200 million in cost synergies and result in a combined company with $6.5 billion in net revenue. Primo Water plans to pay a special dividend of up to $133 million to its shareholders before the deal closes.
June 17, 2024 | 10:06 am
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Primo Water is merging with BlueTriton in an all-stock deal, projecting $1.5 billion in adjusted EBITDA and $200 million in cost synergies. The combined company will have $6.5 billion in net revenue. Primo Water plans to pay a special dividend of up to $133 million to its shareholders before the deal closes.
The merger is expected to significantly enhance Primo Water's financial and operational leverage, leading to potential long-term growth. The special dividend announcement is likely to positively impact investor sentiment in the short term.
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