Carlsberg Acquires Soft-Drink Maker Britvic for $4.2 Billion

Benzinga

Danish brewer Carlsberg has agreed to acquire British soft drinks maker Britvic in a $4.2 billion deal. Carlsberg has increased their previous offer for Britvic shares, now including a small dividend that results in a higher total payout per share. The deal will combine Britvic's portfolio of soft drinks brands with Carlsberg's beer portfolio and distribution network. Britvic bottles and distributes PepsiCo brands in the UK and Ireland, and an earlier agreement between Carlsberg and PepsiCo waived any change of control clauses.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:02Danish brewer Carlsberg has agreed to acquire British soft drinks maker Britvik in a $4.2

00:08billion deal.

00:09Carlsberg has increased their previous offer for Britvik shares, now including a small

00:14dividend that results in a higher total payout per share.

00:17The deal will combine Britvik's portfolio of soft drink brands with Carlsberg's beer

00:21portfolio and distribution network.

00:24Britvik bottles and distributes PepsiCo brands in the UK and Ireland, and an earlier agreement

00:29between Carlsberg and PepsiCo waived any change of control clauses.

00:33For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended