COTT ACQUIRES ADDITIONAL INTEREST IN ATLANTIC REFRESHMENTS LTD.TORONTO--(BUSINESS WIRE)--July 27, 1995--Cott Corporation (NNM NNM Network Node Manager NNM NASDAQ National Market (financial) NNM National Nutrition Month (March; American Dietetic Association) NNM Naryan-Mar (Russia) NNM Net New Money :COTTF,TSE/ME:BCB BCB Banco Central do Brasil (Brazil's central bank) BCB Borland C++ Builder BCB Bangladesh Cricket Board BCB Benzocyclobutene (low loss dielectric substrate) BCB Bumiputra-Commerce Bank BCB Broadcast Band ) announced today that, effective July 24, 1995, it has acquired an additional 19.99% interest in its Atlantic Refreshments re·fresh·ment n. 1. The act of refreshing or the state of being refreshed. 2. Something, such as food or drink, that refreshes. 3. refreshments A snack or light meal and drinks. Ltd. subsidiary. Atlantic Refreshments carries on Cott's private label beverage business in Atlantic Canada and employs 53 people. The acquisition brings Cott's total interest in Atlantic Refreshments to 70% with the remaining 30% held by Atlantic Refreshments' original two shareholders. The acquisition of this interest was made pursuant to certain put rights in favor of upon the side of; favorable to; for the advantage of. See also: favor the other two Atlantic shareholders who remain as the senior managers and who were the sole owners of the business prior to Cott's initial investment in 1991. CONTACT: Cott Corporation, Columbus David A. Goldman, 706/327-6434 or 706/596-8837 Bobbi Fincher, 706/327-6434 or 706/596-8837 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion