Primo Water shares are trading higher after the company and BlueTriton Brands announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously announced all-stock combination.
Portfolio Pulse from Benzinga Newsdesk
Primo Water shares rose following the expiration of the waiting period under the Hart-Scott-Rodino Act for its all-stock combination with BlueTriton Brands.
September 05, 2024 | 5:38 pm
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POSITIVE IMPACT
Primo Water's stock is trading higher due to the expiration of the antitrust waiting period for its merger with BlueTriton Brands, signaling progress in the merger process.
The expiration of the waiting period under the Hart-Scott-Rodino Act is a significant step in the merger process, reducing regulatory uncertainty and likely boosting investor confidence in the merger's completion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100