Deadline Approaching: Primo Brands Corporation (PRMB) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
Businesswire·2025-11-20 20:50

Core Viewpoint - The Law Offices of Howard G. Smith is urging investors of Primo Brands Corporation (PRMB) who suffered losses to participate in a class action lawsuit due to alleged securities fraud related to the company's merger and subsequent operational issues [1][5]. Summary by Sections Company Background - Primo Brands Corporation operates under the NYSE ticker PRMB and was formed following a merger between Primo Water Corporation and BlueTriton Brands, Inc. on November 8, 2024 [3]. Financial Performance and Stock Impact - On August 7, 2025, Primo Brands reported second quarter 2025 financial results, revealing that rapid facility closures and headcount reductions disrupted product supply and delivery, leading to a stock price drop of $2.41, or 9.1%, closing at $24.00 per share [3]. - Following the announcement on November 6, 2025, regarding the replacement of its CEO and a reduction in full-year 2025 net sales and adjusted EBITDA guidance, the stock price fell by $8.20, or 36.2%, closing at $14.46 per share on November 7, 2025 [4]. Lawsuit Details - The class action lawsuit alleges that during the class period, the defendants made materially false and misleading statements and failed to disclose significant operational issues, including poor merger integration and major supply disruptions that negatively impacted financial results [5][6]. - Investors who purchased Primo Brands common stock during the specified class period (November 11, 2024, to November 6, 2025) are encouraged to file a lead plaintiff motion by January 12, 2026, if they meet legal requirements [1][6].