date:Jul 15, 2013
Britvic has pulled out of a possible merger with Irn-Bru manufacturer AG Barr.
In a statement, Britivic said: The Board of Britvic and its advisors have had a number of discussions with AG Barr and its representatives concerning a possible merger, following the Competition Commission's clearance received on Tuesday, 9 July 2013. Britvic received a new proposal from AG Barr for a merger with a ratio of 65% Britvic 35% A G Barr, which represented only a small improvement on the previous terms as