Cott to acquire DSS Group for $1.25 Billion
November 7, 2014 : Atlanta, GA : BWW
:
DS
Services
Holdings,
Inc.
("DS
Services"),
a
leading
national
direct-to-consumer
provider
of
bottled
water,
office
coffee
and
water
filtration
services,
today
announced
that
its
sole
stockholder
and
parent
company,
DSS
Group,
Inc.
("DSS")
has
entered
into
a
definitive
merger
agreement
to
be
acquired
by
Cott
Corporation
(NYSE:
COT;
TSX:BCB)
for
approximately
$1.25
billion,
including
the
assumption
of
debt
and
the
issuance
of
preferred
shares
to
Crestview
Partners
and
other
selling
shareholders.
The
acquisition
will
extend
Cott's
beverage
portfolio
into
new
and
growing
markets,
including
water
and
coffee
home
and
office
delivery
services,
water
filtration
services,
and
retail
services,
while
creating
cost
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