Cott Corporation Responds To Unsolicited, Below-Market Offer.Business Editors TORONTO--(BUSINESS WIRE)--June 29, 2000 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 .) announced today that it was notified on June June: see month. 28, 2000 that TRC TRC Noun (in South Africa) Truth and Reconciliation Commission: a commission which encourages people who committed human rights abuses or acts of terror during the apartheid era to reveal the truth about their crimes in return for immunity from prosecution Capital Corporation of Toronto, has commenced an unsolicited un·so·lic·it·ed adj. Not looked for or requested; unsought: an unsolicited manuscript; unsolicited opinions. unsolicited Adjective tender offer for 2,250,000 common shares of Cott Corporation, which represents approximately 3.8% of Cott's outstanding common shares. The price being offered is $US5.20 per share. TRC's offer states that the offer price is 5.5% below Cott's price on June 27, 2000, on the NASDAQ National Market, the day prior to the date of TRC offer. The closing price on NASDAQ on June 28 was $US5.75. The TRC offer was unsolicited and is not recommended, endorsed or encouraged in any way by Cott Corporation. Shareowners who are considering selling their shares are urged to consult a financial advisor before doing so. Cott is the world's largest retailer brand beverage supplier, with manufacturing facilities in its three core markets of Canada, the U.K. and the U.S. |
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