date:Nov 01, 2012
British soft-drink makers Britvic Plc and AG Barr Plc said they have been given a second extension by UK's takeover panel to decide on their 1.4 billion pounds ($2.25 billion) merger.
The deadline for the companies to table a firm bid or end talks has been extended to Nov. 28. It was to expire on Wednesday.
Statements from the two companies said they made substantial progress and that the discussions were ongoing and at an advanced stage.
AG Barr, best-known for the Irn-Bru fizzy orange drink