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PepsiCo has waived a change-of-control clause in its bottling deal with Britvic, potentially facilitating Carlsberg's twice-rejected takeover bid for the UK soda giant. Carlsberg's £3.2 billion bid has faced resistance from its own investors, who are skeptical about the potential synergies and reasonable returns from the acquisition. Britvic has suspended its share buyback program following Carlsberg's approach, according to Reuters. Carlsberg has until July 19 to make a formal bid or withdraw.
Carlsberg’s planned purchase of Britvic promises to deliver reasonable returns — but reasonable may not be enough to convince shareholders. It's a warning to other would-be buyout architects, writes @hughes_chris (via @opinion) https://t.co/OH4Avi8fOT
Carlsberg investors are giving a simple thumbs-down to the brewer's £3.2 billion bid for Britvic, with the decline in its shares implying zero ability to extract any synergies from the purchase, writes @chrishughes_22 https://t.co/nNMzDwnWRM via @opinion
Carlsberg’s planned purchase of Britvic promises to deliver reasonable returns — but reasonable may not be enough to convince shareholders. It's a warning to other would-be buyout architects, writes @hughes_chris https://t.co/pcqA47ZYkU
