14/11/2012
Barr And Britvic Announce Merger
In a move that will create one of Europe's largest soft drinks companies, rivals AG Barr and Britvic have agreed the terms of a merger.
Irn Bru maker AG Barr and Tango producer Britvic opened discussions about a merger in September and have now reached an agreement, which will see a new company called Barr Britvic Soft Drinks plc.
It is understood the new venture will have annual sales of more than £1.5bn.
The merger is likely to see about 500 jobs cut from combined headcount of just over 4,000 people.
The takeover panel had given the companies an extended deadline of 28 November to announce their intentions.
The merger ratio will leave Britvic shareholders with approximately 63% of the new company and AG Barr shareholders with 37%.
(H)
Irn Bru maker AG Barr and Tango producer Britvic opened discussions about a merger in September and have now reached an agreement, which will see a new company called Barr Britvic Soft Drinks plc.
It is understood the new venture will have annual sales of more than £1.5bn.
The merger is likely to see about 500 jobs cut from combined headcount of just over 4,000 people.
The takeover panel had given the companies an extended deadline of 28 November to announce their intentions.
The merger ratio will leave Britvic shareholders with approximately 63% of the new company and AG Barr shareholders with 37%.
(H)
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Welsh Councils Urged To Consider Voluntary Mergers
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22 May 2013
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Merger Proposed For Flagship Film Bodies
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