12/08/2025 | Press release | Distributed by Public on 12/08/2025 08:07
They said the merger would change everything. A powerhouse. Coast-to-coast brands. Growth for years. That was the pitch.
But behind the scenes, things were falling apart.
In June 2024, Primo Water and BlueTriton announced their big all-stock deal. Executives promised "flawless integration" and hundreds of millions in synergies. Then, in February and May of 2025, they repeated that message, telling investors everything was on track.
It wasn't. Through the summer, warehouses shut too fast, systems broke, and customers couldn't get product. On August 7, 2025, the first cracks showed when the company quietly admitted service disruptions. Shares slipped about 9%.
Then November 6 hit. Primo slashed its guidance, replaced its CEO, and finally admitted the merger was "more complicated" than they ever let on. The stock collapsed about 36% in 2 days, wiping out billions in value.
Now, more investors are joining the lawsuit.