Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 48

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 a product creates a base of users who frequently purchase complementary consumable products. The Company believes that the Transaction will create a leading player in the pure-play healthy hydration industry, well-positioned in one of the largest components of the U.S. beverage category.The purchase price of $3,950.3 million has been allocated to the assets acquired and liabilities assumed based on the Company’s estimates of fair values as of the acquisition date. The excess of the purchase price over the aggregate fair values was recorded as goodwill. Goodwill arising from the acquisition is attributable to the value of the acquired assembled workforce and the premium paid. The portion of goodwill deductible for tax purposes is $68.3 million. 

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Table of Contents

The following table summarizes the preliminary allocation of purchase price to the identifiable assets acquired and liabilities assumed by the Company, with the excess of the purchase price over the fair value of Primo Water’s net assets recorded as goodwill:($ in millions)Fair ValuePurchase PriceEstimated fair value of equity instruments:Class A common stock issued to Primo Water shareholders$3,883.2Replacement share-based payment awards:Stock options12.7Performance-based RSUs converted into time-based RSUs39.6Time-based RSUs13.7Other awards1.1Total consideration$3,950.3The table below summarizes the originally reported estimated acquisition date fair values, measurement period adjustments recorded and the final purchase price allocation of the assets acquired and the liabilities assumed:($ in millions)Originally ReportedMeasurement Period AdjustmentsAcquired ValueCash, cash equivalents and restricted cash$665.9$(0.8)$665.1Trade receivables144.1—144.1Inventories53.1(1.1)52.0Prepaid expenses and other current assets45.8—45.8Current assets held for sale74.6—74.6Property, plant, and equipment592.6(13.4)579.2Operating lease right-of-use-assets150.92.5153.4Intangible assets1,836.7(1.2)1,835.5Other non-current assets7.1—7.1Non-current assets held for sale122.1—122.1Current portion of long-term debt(16.8)—(16.8)Trade payables(145.5)—(145.5)Accruals and other current liabilities(397.3)—(397.3)Current portion of operating lease obligations(27.2)—(27