UK's Britvic rejects Carlsberg's £3.1bn takeover offer, citing undervaluation.

Britvic, the UK-based soft drinks company behind brands like Robinsons and J2O, rejected a £3.1bn ($4.2bn) takeover offer from Danish brewer Carlsberg. Britvic's board dismissed the proposal, concluding it significantly undervalued the company and its future prospects. Carlsberg has been seeking opportunities to expand its portfolio beyond beer, as the global beer market has been experiencing a long-term decline.