The Law Offices of Frank R. Cruz announces an investigation of Primo Brands Corporation (“Primo Brands” or the “Company”) (NYSE: PRMB) on behalf of investors concerning the Company’s possible violations of federal securities laws.
Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action lawsuit on behalf of purchasers of common stock of Primo Water Corporation (NYSE: PRMW) between June 17, 2024 and November 8, 2024, both dates inclusive, and/or (ii) purchasers of common stock of Primo Brands Corporation (NYSE: PRMB) between November 11, 2024 and November 6, 2025 (the “Class Period”). Primo Brands Corporation is a beverage company.
Today, Grant & Eisenhofer P.A. filed a class action lawsuit on behalf of Stuart Rosenblum against Primo Brands Corporation (“Primo Brands” or the “Company”) and three of the Company’s senior executives and directors, including CFO David Hass, Director C. Dean Metropoulos, and former CEO Robbert Rietbroek (collectively, the “Defendants”). The action alleges that Defendants defrauded investors by making materially false and/or misleading statements and by failing to disclose materially adverse facts concerning the merger between Primo Water Corporation (“Primo Water”) and an affiliate of BlueTriton Brands, Inc. (“BlueTriton Brands”), which together formed Primo Brands.
Dan Loeb's Third Point portfolio had mixed earnings results this week, with decreased stakes in Cinemark and Corpay, and an acquisition of AvidXchange.
During an economic downturn, the demand for food, beverages, and other essential products and services remains constant or can even see an uptick while other areas of the economy experience a slowdown.
Analyst Andrew Strelzik from BMO Capital gave Primo Brands an Outperform Rating and a $40 price target. The merger with BlueTriton gives PRMB a national presence and a diverse brand portfolio. PRMB expects growth that outpaces the food industry.
