UK: Britvic, AG Barr merger has 30% survival chance - analyst
The Barr/Britvic merger was expected to complete this month
In a note today (19 February), Nomura said that indications from the two companies that they want to continue with the merger gives the the deal “a likelihood here of 30%”. Last week, the Office of Fair Trading referred the merger to the Competition Commission over concerns it could reduce competition between Britvic's Pepsi and Tango brands and Barr’s Irn Bru and Orangina brands.
Nomura also said although Britvic's first quarter trading looks positive, with group sales up by 4.8%, it expects a tough year ahead. The comment follows Britvic's disappointing performance last year because of bad weather in Europe and a costly recall on the Fruit Shoot brand. The company's FY net profits fell by 19.3% and sales dipped by 2.6%.
Although AG Barr was on its way to the church earlier this month, Britvic was still having second thoughts. The end of the affair leads Richard Corbett to ponder what went wrong for the two and what h...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
The company is focused on following three main strategies in 2013 in order to maintain its presence as one of the leading soft drinks manufacturers in the UK. These are innovation, increased distribut...
Following the acquisition of Irish company C&C (Ireland) Ltd in 2007 Britvic Ireland Ltd has held a firm position in soft drinks, offering leading brands such as Club and Ballygowan in Ireland. Despit...
Functional Drinks in Ireland industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 2016). ...
- Interview - Bacardi global marketing boss, whisky
- Has Coca-Cola Jumped From Frying Pan to Fire?
- Comment - Hybrid Spirits: Innovation or Laziness?
- Constellation grapples with glass as reality bites
- Focus - Heineken's H1 Performance by Region
- Diageo doubles intake for spirits start-ups scheme
- Second senior exec to depart Bacardi
- Portman finds against Diageo "mix it up" tagline
- Diageo appoints head for Asia marketing unit
- Bacardi sees North America president step down