Core Viewpoint - Primo Brands Corporation is facing a class action lawsuit due to allegations of misleading investors regarding its merger with Primo Water Corporation and Blue Triton Brands, which has resulted in significant financial repercussions for the company [3][4][5]. Company Overview - Primo Brands Corporation is described as a leading North American branded beverage company focused on healthy hydration, with products distributed across all U.S. states and Canada [1]. Class Action Details - The class action represents stockholders who acquired common stock of Primo Water Corporation between June 17, 2024, and November 8, 2024, and/or common stock of Primo Brands Corporation between November 11, 2024, and November 6, 2025 [2]. Allegations and Financial Impact - The lawsuit claims that the company misled investors about the merger's integration process, which was reportedly facing significant challenges, including technology and service issues, contrary to the positive statements made by the defendants [4][5]. - On November 6, 2025, the company announced a CEO replacement and slashed its full-year 2025 net sales and adjusted EBITDA guidance, leading to a stock price decline of $8.20 per share (over 36%), resulting in a loss of $2.0 billion in market capitalization within two trading days [6].
PRMB Stockholders with Large Losses Should Contact Robbins LLP for Information About Leading the Primo Brands Corporation Class Action Lawsuit
Globenewswire·2025-11-25 20:38