PepsiCo Waives Clause Paving Way For Carlsberg's Potential Britvic Buy - Britvic (OTC:BTVCY), Carlsberg (OTC:CABGY), PepsiCo (NASDAQ:PEP)

PepsiCo Waives Clause Paving Way For Carlsberg's Potential Britvic Buy - Britvic (OTC:BTVCY), Carlsberg (OTC:CABGY), PepsiCo (NASDAQ:PEP)

Danish brewer Carlsberg (OTC:CABGY) said that PepsiCo Inc (NASDAQ:PEP) has agreed to waive a clause in its bottling agreement with Britvic (OTC:BTVCY) making the British company a more appealing acquisition target. The development follows Britvic’s rejection of a $3.9 billion bid from Carlsberg, potentially paving the way for an increased offer. The waiver will take effect if Britvic’s board recommends and completes an acquisition by Carlsberg, …

PepsiCo waives bottling clause as Carlsberg eyes Britvic

Carlsberg said today that PepsiCo has agreed to waive a clause in its bottling deal with Britvic, making the British firm a more attractive acquisition after a $3.9 billion bid by the Danish brewer was rejected.

Should Carlsberg succeed in buying British soft drinks group Britvic, a lucrative deal would follow. Britvic has been distributing and selling Pepsi and other soft drinks under the...

It could become a collaboration between Carlsberg and PepsiCo if the Danish acquisition of the British company is carried out.

Pepsi paves way for Carlsberg’s £3 billion takeover tilt for Robinsons maker

US drinks group Pepsi has agreed to waive a change-of-control clause as part of its long-term bottling agreement with Britvic.

Even before Carlsberg last week placed its billion-dollar bid for British soft drinks maker Britvic,...