Key Developments: Cott Corp (BCB.TO)

BCB.TO on Toronto Stock Exchange

10.77CAD
24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Cott Corp declares quarterly dividend
Thursday, 19 Feb 2015 08:00am EST 

Cott Corp:Declared quarterly dividend of $0.06 per share on common shares.Dividend is payable in cash on March 27 to shareowners of record at close of business on March 11.  Full Article

DS Services Holdings, Inc announces closing of acquisition of its parent company by Cott Corporation
Friday, 12 Dec 2014 05:00pm EST 

DS Services Holdings, Inc:Says that acquisition of its sole stockholder and parent company, DSS Group, Inc., by Cott Corporation for about $1.25 bln has closed.Acquisition extends Cott's beverage portfolio into new and growing markets, including water and coffee home and office delivery services, water filtration services, and retail services, while creating revenue and cost synergies as well as portfolio expansion.In addition, the acquisition is expected to broaden the distribution platform of Cott by adding a national direct-to-consumer distribution channel with the about 2,100 customer routes operated by DS Services.DS Services, based in Atlanta, Georgia, will operate as a subsidiary of Cott.  Full Article

Cott Corp prices offer of $625 mln of senior notes
Thursday, 4 Dec 2014 05:00pm EST 

Cott Corp:Says Cott Beverages Inc, subsidiary priced private placement offering of $625 mln in aggregate principal amount of senior notes.Notes will mature on Jan. 1, 2020 and interest on notes will accrue and be payable semi-annually in arrears commencing July 1, 2015 at rate of 6.75 pct p a.Says notes will yield gross proceeds to Cott Beverages of abou$625 mln.Net proceeds to fund portion of purchase price and related fees and expenses for previously announced and pending acquisition of DSS Group, Inc.Offering of the Notes is expected to close concurrently with, and will be conditioned on, closing of DSS acquisition.Cott intends to finance remaining portion of DSS acquisition through a draw-down on its asset based lending facility as well as private offering of preferred shares to current investors of DSS group Inc.Settlement of notes is expected to occur on Dec. 12, 2014 and is subject to customary closing conditions.  Full Article

Cott announces intention to offer $615 mln of senior notes
Monday, 1 Dec 2014 08:00am EST 

Cott Corp:Says its wholly owned subsidiary, Cott Beverages Inc intends to offer $615 mln aggregate principal amount of senior notes due 2019.Notes will be offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and to non-U.S. persons in accordance with Regulation S under the Securities Act.Notes will be fully and unconditionally guaranteed by Cott Corporation and certain of its subsidiaries.Expects to use the net proceeds from the offering to fund a portion of the purchase price and related fees and expenses for the previously announced and pending acquisition of DSS Group, Inc.  Full Article

DS Services Holdings Inc announces acquisition of DSS Group Inc for $1.25 bln by Cott Corp
Thursday, 6 Nov 2014 08:18am EST 

DS Services Holdings Inc:Says that its sole stockholder and parent company, DSS Group Inc (DSS) has entered into a definitive merger agreement to be acquired by Cott Corp for about $1.25 bln, including the assumption of debt and the issuance of preferred shares to Crestview Partners and other selling shareholders.  Full Article

Cott Corp announces transformative agreement to further diversify business through acquisition of DS services for $1.25 bln
Thursday, 6 Nov 2014 07:00am EST 

Cott Corp:Says that it has entered into a definitive merger agreement to acquire DSS Group Inc., parent company to DS Services of America, Inc. (DSS), a water and coffee direct-to-consumer services provider in the United States, for about $1.25 bln.  Full Article

Cott Corp declares quarterly dividend
Wednesday, 29 Oct 2014 08:00am EDT 

Cott Corp:Says declaration of quarterly dividend of $0.06 per common share.Payable in cash on Dec. 11.Record at close of business on Dec. 1.  Full Article

Cott declares quarterly dividend
Wednesday, 30 Jul 2014 08:00am EDT 

Cott Corp:Declares quarterly dividend of US$0.06 per share on common shares.Payable in cash on Sept. 10 to shareowners of record at the close of business on Aug. 28.  Full Article

Cott Corp subsidiary announces intention to offer $525 mln of senior notes
Tuesday, 10 Jun 2014 08:00am EDT 

Cott Corp:Says Cott Beverages Inc to offer $525 mln aggregate principal amount of senior notes due 2022.New Notes will be fully and unconditionally guaranteed by Cott Corporation and certain of its subsidiaries.Net proceeds to be used for repurchase of Senior Notes and for general corporate purposes.  Full Article

Cott Corp's acquisition of Aimia Foods is a long term credit positive; no impact on Moody's ratings
Friday, 30 May 2014 06:40pm EDT 

Cott Corp:Moody's Investors Service (Moody's) said that Cott Corp's proposed acquisition of Aimia Foods is a long-term credit positive because it will continue the company's diversification away from U.S. carbonated soft drinks (CSD).Although it slightly increases leverage in the short run and presents certain integration risks.The acquisition does not impact Cott's leverage enough to affect the company's B2 Corporate Family Rating or SGL-2 Speculative Grade Liquidity Rating.  Full Article

Canada's Cott Corp to buy U.S.-based water, coffee distributor

- Canada's Cott Corp said it would buy a U.S. direct-to-consumer bottled water and coffee distributor to expand beyond private-label soft drinks and juices and widen its client base from retailers and distributors to consumers' offices and homes.

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