The UK Takeover Panel has further extended the deadline for the two companies to announce whether or not they intend to merge, until 28 November. Having first revealed that they were in talks on 5 September, this is the second extension.
In a joint statement to the stock market, AG Barr and Britvic said: “Substantial progress has been made and the two parties are now at an advanced stage of discussions, which are ongoing.”
Source: AG Barr/Britvic
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