Primo Water Corporation (PRMW) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

TAMPA, FL , March 2, 2020 /CNW/ - Cott Corporation (NYSE:COT; TSX:BCB) (the "Company" or "Cott"), today announced the completion of the acquisition of Primo Water Corporation ("Primo"), a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada . The acquisition of Primo is consistent with Cott's strategy of transitioning to a pure-play water solutions provider. Primo is a growing business with over $300 million in 2019 revenues.

Primo Water Corporation (NYSE and TSX:PRMW) (the "Company" or "Primo"), formerly Cott Corporation (NYSE:COT; TSX:BCB), a leading provider of direct to consumer bottled water and water filtration services in North America and Europe, as well as a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada today announced that its management team will host a fireside chat on March 19, 2020 at 10:00 a.m. ET with covering analyst Nik Modi from RBC Capital Markets.

Primo Water Corporation (NYSE: PRMW; TSX: PRMW) (the "Company" or "Primo"), formerly Cott Corporation (NYSE: COT; TSX: BCB), a leading provider of home and office bottled water delivery and water filtration services in North America and Europe as well as a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada, today announced updated plans for its Investor and Analyst Day. Primo will host its Investor Day on Tuesday, March 24, 2020 beginning at 1:30pm Eastern Time via webcast only. Due to increasingly restrictive travel and group event guidelines put in place as a precaution relating to COVID-19, the live component of the event will no longer be held in New York City.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Canada's Cott Corp said on Friday it would sell its S&D Coffee and Tea business to privately owned Westrock Coffee Co for $405 million in cash, as it looks to focus on its more profitable water business. Earlier this month, Cott said it would buy U.S.-based Primo Water Corp for $549.4 million, bolstering its bottled water business in the North American market.

Cott Corporation (NYSE:COT; TSX:BCB) continues its transition into a pure-play water solutions provider with today's announcement that it has closed the previously announced sale of S&D; Coffee and Tea ("S&D;") to Westrock Coffee Company, LLC ("Westrock Coffee") for $405 million on a debt free and cash free basis.

Primo Water Corporation (NYSE and TSX:PRMW) (the "Company" or "Primo"), formerly Cott Corporation (NYSE:COT; TSX:BCB), a leading provider of direct to consumer bottled water and water filtration services in North America and Europe, as well as a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada, today announced that the Company will release its first quarter ended March 28, 2020 financial results before the markets open on Thursday, May 7, 2020.

Cott Corporation (NYSE:COT; TSX:BCB) (the "Company" or "Cott") continues its transition into a pure-play water solutions provider with today's announcement that it has entered into a definitive agreement pursuant to which Cott will sell S&D; Coffee and Tea ("S&D;") to Westrock Coffee Company, LLC ("Westrock Coffee") for $405 million on a debt free and cash free basis, subject to a customary working capital adjustment.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cott Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Primo Water Corporation ("Primo" or the "Company") (NASDAQ: PRMW) in connection with the proposed acquisition of the Company by Cott Corporation ("COT") (NYSE: COT). Under the terms of the acquisition agreement, Primo shareholders will receive $5.04 in cash and 0.6549 COT shares; alternatively, PRMW shareholders can elect to receive $14.00 in cash or 1.0229 COT shares. The deal is scheduled to close in March 2020.

Cott Announces Acquisition of Roaring Spring Water, Strengthening its Customer Base in Maryland, Pennsylvania and West Virginia

Dividend paying stocks like Cott Corporation (TSE:BCB) tend to be popular with investors, and for good reason - some...

Cott Reports Fourth Quarter and Fiscal Year 2019 Results and Declares Dividend

Walmart depends on its suppliers to provide the products it sells. Being a supplier to Walmart can be a profitable business.

Primo Water Corporation (NYSE:PRMW; TSX:PRMW) (the "Company" or "Primo"), a leading provider of home and office bottled water delivery and water filtration services in North America and Europe as well as a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada, today announced that DS Services of America, Inc., a wholly-owned subsidiary of Primo, acquired substantially all of the assets of the Mountain Valley Water Company of WNY.

Cott Corporation (NYSE: COT; TSX: BCB) ("Cott" or the "Company"), a leading provider of home and office bottled water delivery services in North America and Europe and a leader in custom coffee roasting for the U.S. food service industry, announced today that the Company will release its fourth quarter ended December 28, 2019 and fiscal year 2019 financial results before the markets open on Thursday, February 20, 2020.

Cott to Host Investor Day on Tuesday March 24, 2020

Cott (PRMW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cott is extending the exchange offer to allow additional time for the satisfaction of the closing conditions under the merger agreement, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. All other terms and conditions of the exchange offer remain unchanged. The depositary and paying agent for the exchange offer has advised that, as of 12:00 midnight, New York City time, at the end of the day on Tuesday, February 25, 2020 , a total of approximately 30,144,307 shares of Primo common stock were validly tendered and not properly withdrawn in the exchange offer.