Cott Corporation announces the approval of a shareowner rights plan

    TORONTO, April 25 /CNW/ - (NYSE:   COT; TSX: BCB) - Cott Corporation
("Cott") announced today the adoption by its board of directors of a
shareowner rights plan (the "Rights Plan").
    As previously disclosed, following the recent announcement by Cadbury
Schweppes plc regarding the separation of its confectionery and Americas
Beverage business, Cott has responded to interested parties that have
approached the company, and is exploring the potential benefits of
participating in possible industry consolidation.
    Subsequent to that announcement by Cott, it has engaged in, and will
continue to engage in, discussions with various interested parties in respect
of its strategic alternatives. Cott has engaged financial and legal advisors
to assist management and the board in this regard. Cott reiterated that, while
its Board of Directors is supportive of these exploratory discussions, there
has been no decision regarding a change in strategy.
    In connection with this strategic review, Cott has adopted the Rights
Plan to protect shareowners of Cott against opportunistic and other unfair
take-over tactics. The purpose of the Rights Plan is to provide the board with
time to review any unsolicited take-over bid that may be made and to take
action, if appropriate, to enhance shareowner value. Cott is not aware of any
such pending take-over bid.
    Pursuant to the Rights Plan, the board of directors authorized the
distribution of one right for each outstanding common share of Cott at the
"Record Time". The rights issued under the Rights Plan become exercisable only
when a person, including any party related to it, acquires or announces its
intention to acquire 20% or more of Cott's outstanding common shares without
complying with the "Permitted Bid" provisions of the Rights Plan or without
the approval of the board of directors. Should such an acquisition occur, each
right would entitle a holder, other than the "Acquiring Person" and persons
related to it, to purchase common shares of Cott at a substantial discount to
the market value of such shares.
    The Rights Plan is not intended to prevent take-over bids. Those bids
that meet certain requirements intended to protect the interests of
shareowners are considered under the Rights Plan to be "Permitted Bids". A
Permitted Bid is a take-over bid made by way of a circular for all outstanding
common shares, which remains open for at least 60 days and satisfies certain
other conditions.
    The adoption of the Rights Plan is subject to the approval of the Toronto
Stock Exchange, and the Rights Plan will expire on the earlier of the
"Termination Time" and October 24, 2007. A copy of the Rights Plan Agreement
will be publicly filed on the SEDAR and EDGAR systems.

    About Cott Corporation

    Cott Corporation is one of the world's largest non-alcoholic beverage
companies and the world's largest retailer brand soft drink company. The
Company commercializes its business in over 60 countries worldwide, with its
principal markets being the United States, Canada, the United Kingdom and
Mexico. Cott markets or supplies over 200 retailer and licensed brands, and
Company-owned brands including Cott, RC, Vintage, Vess and So Clear. Its
products include carbonated soft drinks, sparkling and flavored waters, energy
drinks, sports drinks, juices, juice drinks and smoothies, ready-to-drink
teas, and other non-carbonated beverages. The Company's website is The brand names referenced in this press release are trademarks
of Cott Corporation, its affiliated companies, our customers, or other third

For further information:

For further information: COTT CONTACTS: Media Relationsn Kerry Morgann
Tel: (416) 203-5613; Investor Relations, Edmund O'Keeffe, Tel: (416) 203-5617

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