June 7, 2016 / 5:42 PM / a year ago

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

** 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below