BUZZ-Cott Corp: Hits 9-year high on Eden Springs deal

Tue Jun 7, 2016 1:37pm EDT
 
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** Canadian beverage maker's U.S.-listed shares up 10.5 pct at $16.18

** Stock rises as much as $16.22, highest in more than 9 years

** Agrees to buy Eden Springs for 470 mln euros ($533.22 mln) to expand services in home and office bottled water delivery, office coffee and filtration

** Expects deal to improve its mix outside of large format retail and supermarket stores

** Says deal will add to adjusted free cash flows in its first full year

** More than 1.3 mln shares traded, 3x times 25-day moving avg volume

** Up to Monday's close, stock had more than doubled in past 12 months ($1 = 0.8814 euros)