Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / AG Barr abandons merger deal with Britvic

AG Barr abandons merger deal with Britvic

Fri, 12 Jul 2013 | MERGER



AG Barr has called off its planned merger with rival soft drinks company Britvic.

The two businesses struck a deal last year and were due to combine forces later this year. An inquiry by the Competition Commission held things up but the commission eventually confirmed that the merger could go ahead with no damage to the consumer market.

But by the time the inquiry gave confirmation of its clearance, the merger deal had lapsed and Britvic decided not to renew. An augmented proposal was put forward by Barr, but this was also rejected and it looks like both companies will now abandon any plans for the time being, with Barr insisting that its market position is strong enough without the tie-up.

The renewed share offer valued the merged company as 35 per cent AG Barr and 65 per cent Britvic, according to a statement from the latter's board.

Ronnie Hanna, chairman of AG Barr, commented: “While we are disappointed that the opportunity to create significant value for both sets of shareholders has been rejected, the Board of AG Barr has every reason to be confident of its position as a stand-alone company.

“AG Barr continues to outperform the UK soft drinks market and will follow its successful long term strategy supported by a strong balance sheet, unique brands and a well invested asset base.”

Britvic's chairman, Gerald Corbett, added that his company is now set to focus on cost reduction and international expansion, but wished “Barr and its management team well”.

___________________________________________________________________________
Related articles:
The ten things that can turn a merger into a disaster
Provisional clearance given on Britvic and AG Barr merger
Britvic and AG Barr argue merger would not harm consumers


Share this article



Latest Businesses for Sale

Commercial Business Park
East of England, UK

Fully let business / industrial park comprising eight small industrial units let to four tenants and a bungalow let on an AST on a total site area around 4.9 acres (including 2 acres of allocated, undeveloped land).

Asking Price: £1,650,000
Turnover: £1m - £2m

FREEHOLD


Provider of Electrical Installation and Maintenace Services
South of England, UK

A highly regarded business operating in the new build, commercial and domestic property markets. Offers comprehensive electrical installation services, including lighting, alarm and CCTV systems. Generates further revenue via planned and preventive m...

Asking Price: Offers Invited
Turnover: £6,200,000

LEASEHOLD


Distributor of Welding Equipment and Cutting Consumables
South of England, UK

Supplies a comprehensive range of welding equipment and cutting consumables for both commercial and private customers. Stocks products from an unrivalled portfolio of brands, which enable it to offer a complete package of products to all end users of...

Asking Price: Offers Invited
Turnover: £7,100,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
18
 
Aug
 

Fully let Cambridgeshire business park on the market for £1.65m | COMMERCIAL PROPERTY

The near 5-acre Haddenham Business Park in Haddenham, Cambri...

 
17
 
Aug
 

Analysis: Administrations set to rise in 2022 | BUSINESS NEWS

New analysis from global risk and financial consultancy firm...

 
16
 
Aug
 

Decarbonisation services firm acquired at 11.4x turnover | BUSINESS SALE

IRT Surveys, a data-led services firm focused on addressing ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
05
 
May
 

Britvic acquires plant-based drinks brand | BUSINESS SALE

Britvic plc has announced the acquisition of plant-based dri...

 
11
 
Jun
 

Provisional clearance on Britvic and AG Barr merger | MERGER

Provisional clearance has been given for the go-ahead on the...

 
15
 
Feb
 

Britvic and AG Barr argue merger 'would not harm consumers' | MERGER

Drinks giants Britvic and AG Barr have promised that a merge...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.