Brief: Primo Water Says Board Approved Plan Intended To Optimize Synergies From Co's Transition To A Pure-Play Water Co

Primo Water

12/06/2020 22:51

June 12 (Reuters) - Primo Water Corp (MISSISSAUGA)
 PRMW.TO :
    * PRIMO WATER - ON JUNE 11, BOARD APPROVED PLAN INTENDED TO
OPTIMIZE SYNERGIES FROM CO'S TRANSITION TO A PURE-PLAY WATER CO
    * PRIMO WATER - PLAN ALSO INTENDS  TO MITIGATE NEGATIVE
IMPACTS OF
COVID-19 PANDEMIC, INCLUDING IMPLEMENTING HEADCOUNT REDUCTIONS &
FURLOUGHS
    * PRIMO WATER - EXPECTS TO INCUR ABOUT $19 MILLION IN
SEVERANCE &
OTHER RELATED COSTS, WHICH ARE EXPECTED TO BE FULLY PAID BY
2020-END

Source: https://bit.ly/2C2ayvk
Further company coverage:  PRMW.TO 

 ((Reuters.Briefs@thomsonreuters.com;))