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News Jun 29, 2016

Shearman & Sterling Advises on Cott Corporation’s Offering of Common Shares

Shearman & Sterling represented CIBC World Markets Inc. as lead manager, and Wells Fargo Securities Canada, Ltd., BMO Nesbitt Burns Inc., Canaccord Genuity Corp., RBC Dominion Securities Inc. and TD Securities Inc. as co-managers, in connection with a public offering of 15,088,000 common shares of Cott Corporation at a public offering price of $15.25 per share on a bought-deal basis, which includes the exercise in full by the underwriters of their over-allotment option to purchase an additional 1,968,000 common shares, for gross proceeds of approximately $230.1 million. 

Cott Corporation is one of the world’s largest producers of beverages on behalf of retailers, brand owners and distributors, and has one of the broadest distribution networks in the direct-to-consumer beverage services industry in North America. This network enables it to 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 associates Michael Daly (Washington, DC-Tax) and Joanna Enns (Toronto-Capital Markets).