A statement from AG Barr says: “The Boards of Britvic and AG Barr note the recent press speculation and confirm that, following an approach by AG Barr to Britvic, they are in preliminary discussions which may or may not result in an all share merger of AG Barr and Britvic.
“A merger would create one of the leading soft drinks companies in Europe, with a strong portfolio of market leading brands. The combination would have compelling industrial logic and represents an opportunity for both companies to enhance their industry position, and achieve significant synergies and shareholder value.”
It has already been agreed that Britvic shareholders will own 63% of any new company. The news has sent shares in both companies soaring, with Britvic worth some £890m after a 12% rise and AG Barr up by 4%, valuing it at £500m.
Source: AG Barr
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