Cott Receives Early Termination of HSR Waiting Period for Cliffstar Acquisition
TORONTO and TAMPA, FL--(Marketwire - July 30, 2010) - Cott Corporation (NYSE: COT) (TSX: BCB) announced today that on July 30, 2010, the U.S. Department of Justice and Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (the "HSR Act") for Cott's proposed acquisition of Cliffstar Corporation ("Cliffstar"). As previously announced, Cott has entered into an Asset Purchase Agreement with Cliffstar to acquire substantially all of the assets and liabilities of Cliffstar and its affiliated companies. The purchase price is $500 million in cash, payable at closing, subject to adjustments for working capital, indebtedness and certain expenses. Cliffstar is entitled to additional contingent earnout consideration of up to a maximum of $55 million, the first $15 million of
July 30, 2010 | Filed Under
Mergers and Acquisitions Comments