Carlsberg waives change of control clause, allowing for potentially higher bid for Britvic.
Carlsberg has agreed with PepsiCo to waive a change of control clause in its bottling arrangements with Britvic, potentially paving the way for Carlsberg to raise its bid for the British soft drinks maker. This comes after Britvic rejected two approaches from the Danish firm. The waiver will come into effect if Carlsberg's acquisition of Britvic proceeds, which has the recommendation of Britvic's board.
June 24, 2024
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