Blog: Barr/Britvic deal - in the can?
James Wilmore | 31 October 2012
What's delaying AG Barr and Britvic cracking open the (non-alcoholic) fizzy stuff and announcing formally they will join together in corporate matrimony?
The two groups revealed today they have been granted a second extension to continue their talks over a tie-up.
According to a previous report, the final detail choking up the deal was deciding on a name for the merged company. 'Barr Britvic' and 'Britvic Barr' are the two suggested candidates. But surely such a relatively trivial issue is not still delaying them?
A source close to the situation pooh-poohed this idea. "It's a simple fact that these things just take time," the insider told me. They also flagged that when the initial announcement was made this was at a "very early stage" and the talks have gone from "preliminary" to "advanced".
One analyst thinks it could be the "conservative" and "pragmatic nature" of Barr's board, set against Britvic's slightly sticky situation. This seems a more likely reason.
The Times' leisure and drinks correspondent, Dominic Walsh suggests the deal is nearly there and "all over Barr the shouting".
Only another month, or less, to wait.
Follow me on Twitter @jamescwilmore
Knowledge is power, or so they claim. So, with that in mind, here's an infographic, courtesy of Australian company Hangover Revivol, that breaks down exactly what is behind the common hangover....
Here's a round-up of the top stories on just-drinks last week, featuring William Grant & Sons, the Southern hemisphere's winemakers, SABMiller and Heineken, and Coke Light....
How many beer mugs can one man carry? ...
Here's a round-up of the top stories on just-drinks last week, featuring Pernod Ricard, The Coca-Cola Co, SABMiller's new Scotch whisky and Santa Rita Estates....
- Comment - Heineken's 'No' Cuts SABMiller Options
- Irish whiskey eyes a slice of Scotch's global pie
- Scottish Independence and Scotch Whisky
- SABMiller spurned by Heineken: The start of the en
- Can the New World Learn a Lesson from the Old?
- Patron Spirits' Patron Citrónge Lime
- Heineken rejects SABMiller purchase proposal
- Wm Grant CMO to head Orangina Scweppes Int'l
- Diageo's Special Releases 2014
- LIVE BLOG: Industry responds to Scotland 'No' vote