Shearman & Sterling represented CIBC World Markets Inc. and Barclays Capital Canada Inc., as co-lead managers, and Wells Fargo Securities Canada, Ltd., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and TD Securities Inc., as co-managers, in connection with a public offering of 12,765,000 common shares of Cott Corporation at a public offering price of $11.80 per share on a bought deal basis. This includes the exercise in full by the underwriters of their over-allotment option to purchase an additional 1,665,000 common shares, for gross proceeds of approximately $150.6 million.
Cott Corporation is one of the world’s largest producers of beverages on behalf of retailers, brand owners and distributors. With one of the broadest distribution networks in the direct-to-consumer beverage services industry in the United States, it can efficiently service residences and small and medium-size businesses, as well as national corporations, universities and government agencies.
The Shearman & Sterling team included partners Jason Lehner (Toronto/New York-Capital Markets) and Laurence Crouch (Menlo Park-Tax); counsel Kevin Roggow (Toronto-Capital Markets) and Jeffrey Salinger (New York-Environmental), and associates Steven Blau (Toronto-Financial Institutions Advisory & Financial Regulatory) and Joanna Enns (Toronto-Capital Markets).