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UK’s Britvic rejects revised takeover proposal from Carlsberg

Published by Uma Rajagopal

Posted on June 21, 2024

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UK’s Britvic rejects revised takeover proposal from Carlsberg

(Reuters) – British soft drinks maker Britvic rejected a revised, unsolicited, possible cash offer from Carlsberg Group as the proposal undervalued the group and its prospects, it said on Friday.

Britvic’s board unanimously rejected a 1,250 pence-per-share second proposal on June 17, it added.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Janane Venkatraman)

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