Can Primo Brands (PRMB) Turn Merger Challenges Into a Free Cash Flow Opportunity?
Greenlight Capital's Q2 2026 investor letter reported a 4.3% decline, citing trading decisions and macro positions. The firm highlighted Primo Brands (PRMB) as a holding, noting merger challenges but expecting long-term synergies. PRMB's stock closed at $22.98, with a 52-week range of $14.36-$26.21 and a market cap of $8.32B. Greenlight acquired shares at $20.20, anticipating a 12% free cash flow yield in 2027.


