Primo Water Stock Jumps After Announcing Merger With Poland Spring Parent
Primo Water(PRMW) Investopedia·2024-06-17 22:41
Key TakeawaysTwo bottled water giants, Primo Water and BlueTriton, announced plans to merge Monday.The newly combined entity will remain a public company and expects to continue trading on the New York Stock Exchange (NYSE).Primo plans to pay a special dividend of 82 cents per share before the merger is closed, in addition to its normal quarterly dividend of 9 cents per share. Shares of bottled water company Primo Water (PRMW) jumped Monday after the company announced plans to merge with BlueTriton, which o ...