Danish brewer Carlsberg to buy soft drinks maker Britvic in $4 billion deal after improved offer
What is the value of Carlsberg's takeover bid for Britvic?
Carlsberg's takeover bid for Britvic is valued at £3.28 billion ($4.2 billion). The deal offers 1,290 pence per share for Britvic, along with a small dividend that gives shareholders 1,315 pence per share. This improved offer was accepted by Britvic after previously rejecting bids of 1,250 pence and 1,200 pence per share6.
How much per share is Carlsberg offering for Britvic?
Carlsberg is offering 1,315 pence per share for Britvic, which includes 1,290 pence per share in cash plus a special dividend of 25 pence per share to be paid by Britvic5. This offer represents a 36% premium to the closing price of Britvic shares on June 19, 2024, the day prior to the speculation of a possible offer.
What did Britvic originally say about Carlsberg's June offer?
Britvic originally said that Carlsberg's June offer of 1,250 pence per share significantly undervalued the company and its current and future prospects. The board unanimously rejected the proposal on June 17, 2024.