Britvic agrees to Carlsberg's sweetened £3.3bn offer

(Sharecast News) - Danish brewing giant Carlsberg on Monday said it had reached a deal to buy UK soft drinks maker Britvic for £3.3bn after two previous bids were rejected. Under the terms of the Acquisition, Britvic shareholders will get £13.15 a share, including a special dividend of 25p a share. The price implies an enterprise value for the owner of Robinsons and Tango Britvic of £4.1bn.

Britvic two weeks ago said it had rejected two proposals from Carlsberg, one at £12 and another at £12.50p a share.

The Britvic board said they considered the terms of the deal "to be fair and reasonable".

Reporting by Frank Prenesti for Sharecast.com