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UK: $2.4B beverage merger delayed by OFT

 |  January 14, 2013

The Office of Fair Trading has requested more time to complete its review of the requested $2.4 billion merger between AG Barr and Britvic, destroying hopes for the two parties that the deal would be complete by the end of the month. If approved, the merger would create one of the UK’s top competing beverage companies, with estimated sales of more than $2.4 billion, according to reports. The new entity would be named Barr Britvic Soft rinks, and according to the deal Britvic shareholders would own a 63 percent share of the company.

Full Content: London Evening Standard

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