PRIMO BRANDS DEADLINE JANUARY 12th: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Primo Brands Corporation and Urges Investors to Contact the Firm
Globenewswire·2026-01-09 17:11

Core Viewpoint - A class action lawsuit has been filed against Primo Brands Corporation, alleging that the company misled investors regarding the merger with Primo Water Corporation and its integration process, leading to significant financial losses for shareholders [5]. Group 1: Lawsuit Details - The lawsuit is on behalf of individuals and entities who purchased common stock of Primo Water Corporation from June 17, 2024, to November 8, 2024, and/or common stock of Primo Brands from November 11, 2024, to November 6, 2025 [5]. - Investors have until January 12, 2026, to apply to be appointed as lead plaintiff in the lawsuit [5]. Group 2: Allegations - The complaint states that the merger announced on June 17, 2024, was described as a transformative all-stock transaction expected to enhance financial and operational capabilities for long-term growth [5]. - Despite positive statements from the defendants about the merger, the integration was reportedly facing significant challenges, including technology and service issues, which contradicted the assurances given to investors [5]. - On November 6, 2025, it was disclosed that the CEO was being replaced and that the company was reducing its full-year 2025 net sales and adjusted EBITDA guidance, leading to a stock price drop of $8.20 per share, or over 36%, resulting in a loss of $2.0 billion in market capitalization [5].