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
Collecting wine is big business – and so is faking it. So, how do you tell your Chateau Lafite from your Chateau La Counterfeit?...
Here in London, the second Wine Week has kicked off to coincide with UK wine trade event London Wine Fair. ...
Commuting in London is a drag. It’s overcrowded, sweaty and rarely goes to plan. In fact, it’s enough to turn a person to drink....
When it comes to market speculation, a company holds the prerogative to comment or not. Most times it is the latter, but we journalists are always grateful for any quote that we can get....
- SABMiller & Meantime: Notes for the New Owner
- Are Coca-Cola, A-B InBev at a FIFA Crossroads?
- Comment - How to Target Cognac's Mok Generation?
- Focus - The Prosecco shortage that isn't
- Interview - Illva Saronno CEO Augusto Reina
- Whyte & Mackay takes on Flor de Caña in UK
- Diageo takes Baileys, Gordon's marketing in-house
- Carlsberg cuts 180 staff
- Suntory to buy Japan Tobacco beverage unit
- Mixto Tequila poised for "golden age"
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Africa: The Final Frontier for Beer
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review