|
Britvic PLC - Hemel Hempstead, England-based maker of Robinsons, J2O and Tango soft drinks - The UK Competition & Markets Authority clears Britvic’s acquisition by Copenhagen-based brewer Carlsberg AS. The CMA says it has decided to not refer the merger to a phase 2 investigation. It had launched its initial inquiry back in October, have requested comments on combination in September. In July, Britvic accepted a takeover from Carlsberg at 1,315 pence per share, comprised of 1,290p per share in cash and a special dividend of 25p. This values Britvic’s equity at £3.3 billion and gives the company an enterprise value of £4.1 billion, including debt. With the CMA clearance, all regulatory conditions of the offer have been satisfied. A sanction court hearing will be held on January 15, with the scheme of arrangement for the takeover becoming effective on January 16. Current stock price: 1,305.25p 12-month change: up 52% Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
