date:Sep 07, 2012
e Irn Bru, Barr and Tizer, while the firm produces Orangina under license from Suntory), he said.
We believe PepsiCo was a likely stumbling block to private equity being involved, with PepsiCo preferring a more strategic partner [so] the number of suitors was always going to be limited, Carroll said.
With a PepsiCo director on the Britvic board, we assume that this potential deal has its blessing, Carroll said, adding that Diageo was unlikely to move for Britvic due to its current Jose Cuervo