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Carlsberg to Buy Soft Drink Maker Britvic for $4.23 Billion

July 8, 2024

Danish brewer Carlsberg CARL.A 3.47% agreed to buy London-listed soft drinks maker Britvic BVIC 4.55% for 3.3 billion pounds, or about $4.23 billion, as part of a plan to expand in the non-alcoholic beverage market and reduce reliance on beer sales.

Carlsberg, which brews its namesake lager as well as making non-beer alcoholic drinks like Somersby cider and Garage alcopop brands, said Monday that it is offering 1,315 pence for each Britvic share, a 29.6% premium to its closing price of 1,015 pence on June 20, the day before a previous proposal by Carlsberg was made public.

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