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News  ›  GlobeNewswire Inc.

PRMB Lawsuit: Primo Brands Investors Must Act by Jan. 12 Deadline over Botched Merger, CEO Exit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Reed Kathrein
PRMB Lawsuit: Primo Brands Investors Must Act by Jan. 12 Deadline over Botched Merger, CEO Exit

Investor rights law firm Hagens Berman is investigating Primo Brands for allegedly misleading investors about its merger integration, resulting in a 36% stock crash and leadership changes.

Insights
BACpS   neutral

Mentioned as previous employer of new executive, with no direct commentary about the bank's performance


PRMB   negative

Company allegedly concealed severe merger integration problems, misled investors about operational success, experienced significant stock price decline, and replaced its CEO after admitting integration failures