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News Breaks
May 30, 2014
08:08 EDTCOTCott Corp. announces UK business unit's acquisition of Aimia Foods
Cott Corporation announced that its United Kingdom / Europe Business Unit has acquired all subsidiary companies of Aimia Foods Limited. Aimia Foods is a privately owned business based in Merseyside, United Kingdom with revenues of approximately $110M for the twelve months ending March 31. The purchase price includes the payment of approximately $80M at closing plus an adjustment for working capital, $33M in deferred consideration payable in September, and on-target earnout consideration of $20M, with a minimum earnout consideration of $13M and a maximum earnout consideration of $27M. The purchase price will be funded through cash on hand and borrowings under Cott's asset based lending facility.
News For COT From The Last 14 Days
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November 20, 2015
07:39 EDTCOTCott Corp. sell-off creates buying opportunity, says RBC Capital
After meeting with Cott's management, RBC Capital thinks that the weakness in Cott's stock since its September quarter results creates a buying opportunity for investors interested in small caps. The firm notes that the company expects its free cash flow compound annual growth rate to reach mid to high teen percentage levels through 2018. RBC reports that the company has a plan to improve its U.k. business and is looking to move away from the carbonated soft drink category. RBC keeps a $16 price target and Outperform rating on the name.

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