Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, February 13, 2013

Britvic merger with A.G. Barr under threat, (NYSE: KO)

A merger between British soft drinks companies Britvic and A.G. Barr hangs in the balance after Britain's consumer affairs watchdog referred the deal to the Competition Commission.The companies said that the 1.4 billion pound ($2.2 billion) merger has now lapsed and they will make a joint announcement after conducting a combined review of the full decision by the Office of Fair Trading (OFT)."We're in the long grass for at least nine months," Britvic Chairman Gerald Corbett told Reuters on Wednesday."We'll be going into that meeting with the perspective that the deal is a really good one for shareholders and has compelling industrial logic and strengthens us against the mighty Coca-Cola company."

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. Shares of KO fell by 1.04% or $-0.39/share to $37.17. In the past year, the shares have traded as low as $34.12 and as high as $40.66. On average, 13985700 shares of KO exchange hands on a given day and today's volume is recorded at 10091320.