date:Sep 07, 2012
ld rating on Britvics stock pending further clarity on the synergies resulting from a deal, and McNeela said: We believe Britvics shareholders should benefit from an improved balance sheet and improved underlying earnings quality of an enlarged group.
There was a low risk of a counter offer for Britvic since debt levels (2.8x net debt/EBITDA for 2012) and low free cash flow yield (FCF) would deter private equity bidders, McNeela said.
Suntory, the Japanese Pepsi bottler could emerge as a poten