BUZZ-Cott Corp: Shares down on common stock issuance

Wed Jun 22, 2016 10:55am EDT
 
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** Canadian beverage maker's U.S.-listed shares down 4.4 pct at $15.10 - biggest intraday pct drop in 2 months

** Company to issue 13.1 mln common shares to a syndicate led by CIBC Capital Markets

** Offering, to raise about $200 mln, represents about 11.6 pct of total outstanding shares as of Apr. 2

** Offering priced at $15.25/shr, a 3.5 pct discount to Tuesday's close

** Up to Tuesday's close, stock had risen about 44 pct this year