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Published 22 days ago

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

Summary by Benzinga
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, …

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