Following months of speculation about the future of The UK soft drinks company, Britvic, newspaper reports are now claiming that sales memoranda are being circulated to potential bidders, including Pepsi and Cadbury Schweppes. Other likely bidders for the UK soft drinks company, which analysts estimate could be valued at £400m (US$571m)-£500m (US$714m) also include Cantrell & Cochrane an Irish bottling business and Matthew Clark.