Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Primo Brands Corporation due to alleged violations of federal securities laws related to misleading statements about the merger with BlueTriton Brands and its integration process [2][5]. Group 1: Allegations and Impact - The complaint alleges that Primo Brands and its executives made false and misleading statements regarding the merger, leading investors to believe it would enhance growth and operational efficiencies [5]. - Issues began to surface on August 7, 2025, when Primo Brands reported Q2 2025 earnings, revealing disruptions in product supply and service due to the merger [5]. - Following the August 7 disclosure, the stock price fell by $2.41, approximately 9%, from $26.41 to $24.00 [5]. - On November 6, 2025, the company significantly reduced its full-year 2025 net sales and adjusted EBITDA guidance, and announced the replacement of CEO Rietbroek [6]. - New CEO Eric Foss acknowledged that the company had moved "too far too fast" with integration efforts, resulting in various operational issues [6]. Group 2: Stock Performance - After the November 6 disclosure, the stock price dropped by $8.20, or 36%, over the next two trading sessions, falling from $22.66 to $14.46 [7]. Group 3: Legal Proceedings - Investors who suffered losses during the specified class period are encouraged to contact Faruqi & Faruqi to discuss their legal options [1][2]. - The deadline to seek the role of lead plaintiff in the federal securities class action against Primo Brands is January 12, 2026 [2].
PRMB INVESTOR REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Primo Brands
Newsfile·2025-11-23 11:32