10th Sep 2024 11:13
(Alliance News) - The UK Competition & Markets Authority on Tuesday said it is considering whether the planned acquisition of Britvic PLC by Copenhagen-based Carlsberg AS could weaken competition in the UK for goods or services.
The CMA is inviting interested parties to comment on the planned takeover, starting on Tuesday and running until September 24.
In July, Britvic, the Hemel Hempsted-based soft drinks manufacturer, agreed a takeover that values each Britvic share at 1,315 pence per share. This comprises 1,290p per share in cash and a special dividend of 25p.
The deal values Britvic, which makes Robinsons, J2O and Tango, at around GBP3.3 billion on a fully diluted basis with an implied enterprise value of around GBP4.1 billion.
Britvic shares were flat at 1,276.00p each on Tuesday morning in London, giving it a market capitalisation of GBP3.18 billion.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.