Britvic, the UK beverage maker known for brands such as R White's lemonade, has rejected multiple unsolicited takeover bids from Carlsberg. The most recent offer, valued at approximately £3.1 billion ($3.9 billion), was also turned down. This marks the second time Britvic has rebuffed Carlsberg's advances. Following the rejection, Carlsberg's shares slid 8%, marking their largest drop in four years. Despite the rejections, analysts suggest that this may not be the end of Carlsberg's pursuit of Britvic. Additionally, the offer was equivalent to €3.7 billion.
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Britvic, the soft drinks company behind much-loved brands such as R White's lemonade, has rejected two multi-billion pound takeover attempts by Carlsberg this month. But that may not be the end of the story. Analysis from @IanKingSky ⬇️ https://t.co/QmwHl1tYE7
Britvic rejects Carlsberg's takeover offer; shares surge https://t.co/XiZnOybgn6 https://t.co/SE47951S2O
Carlsberg serves up a fizz-free cocktail with its Britvic bid https://t.co/2ajncCq2tz | opinion
Analysis: Why Carlsberg has a thirst for Britvic. Read more ⬇️ https://t.co/rzeHpWWFUg
Carlsberg slides 8%, set for largest drop in four years, after Britvic rejects $3.9 billion takeover offer - CNBC https://t.co/Eqyn2rOy40
Britvic can swerve Carlsberg dilution - https://t.co/knlIwjyvGr - @aimeedonnellan https://t.co/wzCF2qHVfz
Britvic rejects $3.9 billion takeover offer from Carlsberg https://t.co/w9KRLzpzl9
Drinks maker Britvic rejects £3.1bn takeover offer from Carlsberg https://t.co/iOUD1yBvaN
Breaking news: Britvic has reportedly declined a $3.9 billion buyout bid from Carlsberg. Stay tuned for more updates. #Britvic #Carlsberg #businessnews
Ballygowan maker Britvic rejects €3.7bn takeover offer from Carlsberg https://t.co/RBsZUSyiuE
Britvic rejects bid from Carlsberg https://t.co/87zUxPi669
Britvic Rejects $3.9 Billion Offer From Carlsberg https://t.co/x0hbhDrCyz
Britvic rebuffs a second offer from Carlsberg, UK consumer confidence and retail sales rise -- get briefed ahead of your morning calls with The London Rush https://t.co/7ZITtTePc2
UK's Britvic rejects sweetened $3.9 bln takeover proposal from Carlsberg https://t.co/rXFyOWuW3W https://t.co/KOTrEJZDDt
Britvic rejects unsolicited takeover bids from Carlsberg, the most recent of which offered to acquire the UK beverage maker for about £3.1 billion https://t.co/lSGCBG41YQ