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TORONTO, ONTARIO and TAMPA, FLORIDA--(Marketwired - May 26, 2015) - Cott Corporation (NYSE:COT)(TSX:BCB) ("Cott" or the "Company") today announced that it has entered into an agreement pursuant to which a syndicate of underwriters co-led by CIBC and Barclays, has agreed to purchase, on a bought deal basis, 14,100,000 common shares (16,215,000 common shares if the over-allotment described below is exercised in full) at a price of US$9.25 per share for gross proceeds to Cott of approximately US$130,425,000 (US$149,988,750 if the over-allotment option is exercised in full). Cott has also granted the underwriters an option to purchase up to an additional 2,115,000 common shares on the same terms and conditions, exercisable at any time, in whole or in part, up to 30 days after the closing of this offering. |
