Primo Water Stock Surges on Merger Deal With Parent of Poland Spring
Primo Water stock was rising sharply Monday after the beverage manufacturer announced an agreement to merge with BlueTriton, the parent company of Poland Spring. Primo Water said in a press release that following the closure of the all-stock transaction the combined companies would generate $6.5 billion in annual revenue. Primo Water reported revenue of $1.77 billion in its fiscal year ended Dec. 30, 2023.