Cott Responds to Recent Market Speculation
06 February 2014 - 5:47AM
Marketwired
Cott Responds to Recent Market Speculation
TORONTO, ON and TAMPA, FL--(Marketwired - Feb 5, 2014) - Cott
Corporation (NYSE: COT) (TSX: BCB), in response to recent market
speculation that Cott is evaluating certain strategic alternatives,
confirms that consistent with past practice, the Board of Directors
has engaged Credit Suisse LLC as part of its strategic planning
process to assist it in evaluating whether there are alternatives
available to Cott that would either complement its strategy of
organic growth and growth through diversification or otherwise
enhance shareholder value. No particular alternative has been
identified to date, and there can be no assurance that any
particular alternative will be pursued. Cott's policy is to
not comment on market rumors or media speculation, and Cott does
not propose to comment further on these matters unless disclosure
thereof is warranted.
About Cott
Corporation Cott is one of the world's largest producers of
beverages on behalf of retailers, brand owners and
distributors. Cott produces multiple types of beverages in a
variety of packaging formats and sizes, including carbonated soft
drinks, 100% shelf stable juice and juice-based products, clear,
still and sparkling flavored waters, energy products, sports
products, new age beverages, and ready-to-drink teas, as well as
alcoholic beverages for brand owners. Cott's large
manufacturing footprint, substantial research and development
capability and high level of quality and customer service enables
Cott to offer its customers a strong value-added proposition of low
cost, high quality products. With approximately 4,000
employees, Cott operates manufacturing facilities in the United
States, Canada, the United Kingdom and Mexico. Cott also
develops and manufactures beverage concentrates, which it exports
to over 50 countries around the world.
Safe Harbor
Statements This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934
reflecting Cott's expectations as to the future based on facts
known to it at this time. Forward-looking statements involve
inherent risks and uncertainties and Cott cautions you that a
number of important factors could affect actual outcomes. The
forward-looking statements contained in this press release include,
but are not limited to, those related to Cott's evaluations and
future plans described above. These are based on assumptions
regarding management's current plans and estimates. Management
believes these are reasonable but there is no assurance that they
will prove to be accurate, or that the outcomes of any effort to
identify strategic or financial alternatives or to execute on our
growth strategy will be successful.
Factors that could cause actual outcomes to differ materially
from those indicated in this press release include, among others:
the results of operations of our core business; general economic,
financial and political conditions that affect our business and
financial markets; conditions and events that affect our business
in particular in the industry sectors in which we operate,
including demand for our products, commodities pricing, the pricing
behavior of our competitors, currency fluctuations, and weather
conditions, among them; our ability to implement our strategic
plans and initiatives; our ability to identify and evaluate
strategic alternatives; a reassessment by the Board of Directors of
the advisability of investigating strategic alternatives at this
time; the risks and uncertainties of any strategic alternative that
is identified, including our ability to accurately assess risk and
alternatives; whether any identified alternative is pursued and
consummated; and whether any consummated alternative ultimately
enhances shareholder value. There can be no assurance that Cott
will successfully identify, pursue or consummate any alternative
that enhances shareholder value.
The foregoing summary of factors is not exhaustive. Readers are
cautioned not to place undue reliance on any forward-looking
statements, which speak only as of the date hereof. Readers are
urged to carefully review and consider the various disclosures,
including but not limited to risk factors contained in Cott's
Annual Report on Form 10-K for the fiscal year ended December 29,
2012 and its quarterly reports on Form 10-Q, as well as other
periodic reports filed with the securities commissions. Cott does
not undertake to update or revise any of these statements in light
of new information or future events, except as expressly required
by applicable law.
Website: www.cott.com
CONTACT: Robert
Meyer Investor Relations Tel: (813) 313-1777 Email Contact
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