Round-Up - AG Barr's, Britvic's on-off merger
AG Barr and Britvic's proposed merger collapsed this week, seven months after it was first agreed. Here, we round-up our coverage of the developments leading up to the abandoned deal
The planned merger of AG Barr and Britvic has collapsed after the Robinsons producer rejected an improved offer from the Scottish group.
Britvic has said AG Barr's new merger offer was only a "small improvement" on the previously agreed terms, following the collapse of the deal today (11 July).
Britvic is showing no sign of softening its stance on a merger with AG Barr, despite the latest regulatory green light for the move.
Britvic requires a “significant cultural change”, an analyst has warned while dismissing its chairman's claims performance has improved since it agreed to merge with AG Barr.
Britvic has cast further doubt on its proposed merger with AG Barr, claiming its “prospects as a stand-alone company are bright” after the merger was given final clearance by the UK's competition authority.
What a difference four months makes for Britvic chairman Gerald Corbett.
A lukewarm response from Britvic over the green light for its AG Barr merger has been branded "perplexing", while others claim the chance of a deal has reduced.
The UK's Competition Commission has given "provisional" clearance to the merger of AG Barr and Britvic, saying it does expect the tie-up to lessen competition.
Britvic's sidelined merger with AG Barr is likely to go ahead despite a new cost-savings plan from Britvic that suggests it could go it alone, an analyst has said.
It has been a busy six months for Britvic - a merger with AG Barr delayed, full-year profits down one-fifth - so it should have come as no surprise Wednesday's (22 May) first-half results were so intriguing.
Britvic's plan to shutter three of its UK facilities could have put its halted merger with AG Barr in further jeopardy, analysts have warned.
The UK's Office of Fair Trading (OFT) has said evidence from AG Barr and Britvic was not “convincing” enough to satisfy competition concerns over their merger.
It would not appear to be over just yet. AG Barr and Britvic came out fighting today (14 February), after the UK's Office of Fair Trading gave them a bloody nose yesterday by referring their proposed merger to the competition authorities.
The merger of AG Barr and Britvic has suffered a serious setback after the UK's Office of Fair Trading referred the deal to the Competition Commission.
The new company formed from the merger of AG Barr and Britvic is expected to start trading by the end of next month after the UK's Office of Fair Trading said it is to due to give its decision by 13 February.
Britvic's shareholders have overwhelmingly approved a potential merger with AG Barr, with less than 1% of the vote going against the plan.
AG Barr's shareholders have given the green light to its proposed merger with Britvic, leaving the deal set to complete by the end of this month.
Britvic and AG Barr shareholders will to get to vote on the terms of the companies' merger on 8 January.
The Office of Fair Trading (OFT) is investigating whether the AG Barr and Britvic merger will mean a “substantial lessening” of competition within the UK soft drinks market.
It was a merger everyone knew was coming. So, when AG Barr and Britvic announced the imminent arrival of Barr Britvic Soft Drinks yesterday (15 November), all that was left for analysts and commentators to talk about were the details.
The Britvic and AG Barr merger means up to 500 staff are expected to lose their jobs over the next three years.
AG Barr and Britvic have agreed on the details of an all-share merger, which will create one of Europe's largest soft drinks makers.
AG Barr has less to lose than Britvic if the possible merger between the two groups does not happen, according to an analyst.
AG Barr and Britvic have been granted another extension to their merger talks by the UK's Takeover Panel.
AG Barr and Britvic have been granted a four-week extension by the UK's Takeover Panel to continue their talks over a possible merger.
The biggest news to hit the soft drinks and bottle water categories in recent times is this month's announcement that AG Barr and Britvic are pondering a merger. Richard Corbett picks holes in the two company's portfolios, but not before he apologises.
It is the drinks industry's latest “will they, won't they” saga.
“Made in Scotland from girders,” was the old tagline for the Irn Bru CSD. And in the past few years, Irn-Bru owners AG Barr have proved to be made of sterner stuff than its potential merger partner Britvic.
A merger between Britvic and AG Barr “makes a lot of sense”, an analyst has said, with “management mishaps” such as the Fruit Shoot product recall forcing Britvic into a corner.
UK soft drinks companies Britvic and AG Barr are in talks over a possible merger.
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