Cott Corporation Clears the Way for Additional Investment by Thomas H. Lee Company.TORONTO--(BUSINESS WIRE)--Nov. 3, 1999-- Cott Corporation (Nasdaq:COTT) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :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 .) (ME:BCB.) today announced that its Board of Directors has agreed to a limited waiver of its share purchase standstill agreement Standstill agreement Contract by which the bidding firm in a takeover attempt agrees to limit its holdings of another firm. standstill agreement with the Thomas H. Lee Company, which will allow Lee to purchase up to an additional 5% of the company's outstanding voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. on the open market. These purchases, once completed, will bring Lee's percentage of votes in the company to 35% (fully diluted). Cott is the world's leading supplier of premium retailer branded beverages, with operations in the United States, the United Kingdom and Canada. Thomas H. Lee Company, a leading private equity firm, made its initial investment in Cott in July 1998. |
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