NEWS Desk Global
CARLSBERG WILL BUY BRITVIC FOR $4.2 BILLION
Carlsberg has agreed to buy British soft drinks maker Britvic for 3.3 billion pounds ($4.23 billion), a move the Danish brewer said would forge a UK beverage "powerhouse" and that sent both companies' shares higher.
Carlsberg clinched the takeover with a sweetened bid of 1,315 pence per share - comprising cash and a special dividend of 25 pence a share - after the British company rejected 1,250 pence per share last month.The acquisition will create value for shareholders, contribute to growth and forge a combined beer and soft drink company that is unique in the UK.
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