A securities class action has been filed in the USDC – CT. against Primo Brands Corporation (PRMB) (“Primo Brands” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired:
(i) the publicly traded common stock of Primo Water Corporation (“Primo Water”) between June 17, 2024 through November 8, 2024, inclusive, and/or
(ii) the publicly traded common stock of Primo Brands Corporation (“Primo Brands” or the “Company”) between November 11, 2024 through November 6, 2025, both dates inclusive.
Primo Brands purports to be a leading North American branded beverage company focused on healthy hydration, offering responsibly sourced products across multiple formats, channels, and price points, and for a wide range of consumer occasions. Its products are distributed in every U.S. state and in Canada.
This action arises in connection with the merger between Primo Water and an affiliate of BlueTriton Brands, Inc. (“BlueTriton Brands”) on November 8, 2024, which formed Primo Brands-a branded beverage company that offers beverage products across a variety of formats, channels, and price points.
The Complaint alleges that throughout the Class Period, Defendants misrepresented and failed to disclose key facts about the merger between Primo Water and BlueTriton Brands, including facts regarding the progress of the merger integration. Defendants issued a series of materially false and misleading statements that led investors to believe the merger would accelerate growth, generate transformative operational efficiencies, achieve meaningful synergies, and deliver strong financial results, and that the merger integration was proceeding “flawlessly.”
The price of the Company’s common stock declined $8.20 per share, or more than 36%, from a close of $22.66 per share on November 5, 2025, to close at $14.46 per share on November 7, 2025, wiping out $2.0 billion in market capitalization in two trading days.
If you purchased (i) the publicly traded common stock of Primo Water Corporation (“Primo Water”) between June 17, 2024 through November 8, 2024, and/or (ii) the publicly traded common stock of Primo Brands during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.