The proposed merger between fizzy drinks makers Britvic and AG Barr has been thrown into doubt today (July 9th).
Even though the plans were first announced almost a year ago, a deadline of the end of the month has now been set for AG Barr to make an offer for Britvic, which has stated its prospects as a stand-alone company are now "bright."
AG Barr, which makes Tizer, KA, Irn-Bru and Strathmore Water, saw its share price fall on the back of the news, while stocks in Britvic – manufacturer of Tango, 7UP and Lipton Ice Tea – rose.
Britvic's chairman Gerald Corbett said: "We would obviously consider any proposal tabled in the interests of shareholders."
But he insisted that the company's chief executive Simon Litherland has put a plan in place that should see the firm go from strength to strength in the future.
At 16:09 BST, shares in Britvic were up by 1.15 per cent, while stocks in AG Barr were down by 1.79 per cent on the start of the day's trading.
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