Reported August 6, Primo Brands Announces Secondary Offering Of 20M Shares By An Affiliate Of One Rock Capital Partners; Company To Purchase $10M Of Shares From Selling Stockholder
The Selling Stockholder will receive all of the net proceeds from this offering. No shares are being sold by the Company. In addition, we have entered into a stock purchase agreement with the Selling Stockholder, to
A big owner of Primo Brands is selling 20 million shares, but the company itself is buying back $10 million worth to support the stock price. This shows the company believes in itself even while an investor is stepping back.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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