The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock Newsletter

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Jul. 1, 2:12 AM

Slide #10. Cott Corporation Secondary Offering

Company: Cott Corporation (NYSE:COT)
Date announced: 6/21/2016
Shares Offered: 13,120,000
Date of Pricing: 6/21/2016
Price Per Share: $15.25
Secondary Offering Details: Cott Corporation (NYSE:COT)(TSX:BCB) ("Cott" or the "Company") today announced that it has entered into an agreement pursuant to which a syndicate of underwriters led by CIBC Capital Markets ("CIBC") has agreed to purchase, on a bought deal basis, 13,120,000 common shares (15,088,000 common shares if the over-allotment described below is exercised in full) at a price of US$15.25 per share for gross proceeds to Cott of approximately US$200 million (US$230 million if the over-allotment option is exercised in full). Cott has also granted the underwriters an option to purchase up to 1,968,000 additional common shares on the same terms and conditions, exercisable at any time, in whole or in part, up to 30 days after the closing of this offering.

Cott, together with its subsidiaries, is a producer of beverages on behalf of retailers, brand owners and distributors and has home and office bottled water and office coffee services distribution networks. Co.'s product lines include carbonated soft drinks, juice and juice-based products, flavored waters, energy drinks and shots, sports products, teas, and alcoholic beverages, liquid enhancers and freezables, as well as hot chocolate, coffee, malt drinks, creamers/whiteners and cereals, among others. Co.'s has four segments: North America; U.K.; All Other (which includes its Mexico and Royal Crown International segment); and DSS, which comprises DSS Group, Inc. and its subsidiaries.
Open the COT Page at The Online Investor »

Company Name:  Cott Corp.
Sector:  Beverages & Wineries
Number of ETFs Holding COT:  1
Total Market Value Held by ETFs:  $2.55M
Total Market Capitalization:  $1.74B
% of Market Cap. Held by ETFs:  0.15%

Open the COT Page at The Online Investor (in a new window) »

July 1, 2016    2:12 AM Eastern
Quotes delayed 20 minutes

Buy (2.83 out of 4)
34th percentile
(ranked lower than approx. 66% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | | Copyright © 1998 - 2016, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.