World Courant
A can of Carlsberg AS pilsner and an apple drink from Britvic Plc, held in London, UK, on Friday, June 21, 2024.
Hollie Adams | Bloomberg | Getty Pictures
LONDON — Tender drinks producer British has agreed to a £3.28 billion ($4.2 billion) takeover bid from Carlsberg, the businesses stated on Monday.
The agreed deal supplied Britvic 1,290 pence per share, with a small dividend giving shareholders 1,315 pence per share.
Britvic in June rejected an improved money takeover bid from Carlsberg, providing 1,250 pence per share within the British comfortable drinks maker. It stated on the time that the proposal “materially undervalues Britvic and its present and future prospects.” Carlsberg’s earlier bid of 1,200 pence per Britvic share on June 6 was additionally rejected.
Ian Durant, Britvic’s non-executive chairman, stated the proposed deal “creates a complete worldwide group effectively positioned to seize progress alternatives throughout a number of drinks sectors.” He additionally named Carlsberg’s settlement with PepsiCo which, he stated, supplies the “mixed group with a powerful platform for continued success.”
Carlsberg CEO Jacob Aarup-Andersen stated in the identical assertion that the deal “combines Britvic’s high-quality comfortable drinks portfolio with Carlsberg’s robust beer portfolio and route-to-market capabilities, creating an enhanced providing within the UK and markets throughout Western Europe.”
PepsiCo is vital to the deal, as Britvic bottles and distributes PepsiCo manufacturers within the UK and Eire. Carlsberg and PepsiCo agreed earlier this 12 months to waive a “change of management clause” within the bottling contract.
