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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 a problematic merger integration, resulting in a 36% stock crash and leadership changes.

Insights
AXP   neutral

Mentioned as testing RippleNet, indicating potential interest in blockchain technology


PRMB   negative

Company allegedly concealed severe technological and service issues during merger, misled investors about integration success, experienced significant stock price drop, and replaced CEO after admitting integration problems