Carlsberg, Britvic Reach Agreement On Terms Of Recommended Cash Offer
July 8 (Reuters) -Britvic PLC BVIC.L:
RECOMMENDED CASH ACQUISITION OF BRITVIC PLC
BOARDS OF CARLSBERG AND BRITVIC ARE PLEASED TO ANNOUNCE THAT THEY HAVE REACHED AGREEMENT ON TERMS OF A RECOMMENDED CASH OFFER
ACQUISITION VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF BRITVIC AT APPROXIMATELY £3.3 BILLION ON A FULLY DILUTED BASIS
ACQUISITION VALUE COMPRISES, FOR EACH BRITVIC SHARE 1,290 PENCE IN CASH FOR EACH BRITVIC SHARE AND A SPECIAL DIVIDEND PAYMENT OF 25 PENCE PER BRITVIC SHARE
ACQUISITION VALUE REPRESENTS A PREMIUM OF 36% TO CLOSING PRICE PER BRITVIC SHARE OF 970 PENCE ON 19 JUNE 2024
BRITVIC DIRECTORS INTEND TO RECOMMEND UNANIMOUSLY THAT BRITVIC SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
TODAY SEPARATELY AGREED TO ACQUIRE MARSTON'S PLC'S MINORITY STAKE IN CARLSBERG MARSTON'S LIMITED THEREBY BECOMING SOLE OWNER OF CMBC
Source text for Eikon: ID:nRSH4107Va
Further company coverage: BVIC.L
(Gdansk Newsroom)
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