Martston's benefits to the tune of £206m from splash-the-cash day at Carlsberg
It was 'splash-the-cash day' for Danish lager giant Carlsberg. In one announcement it said would pay £3.3 billion for British mixers group Britvic PLC (LSE:BVIC), in another it was revealed to be acquiring the rump of a drinks joint venture with publican Marston's PLC (LSE:MARS) It is handing over £206 million to the owner of the Pitcher and Piano chain for a 40% stake in Carlsberg Marston's (CMBC).
Danish brewer Carlsberg to buy soft drinks maker Britvic in $4 billion deal after improved offer
Soft drinks maker Britvic has agreed to a sweetened takeover bid of £3.28 billion ($4.2 billion) from Carlsberg. Ian Durant, a non-executive chair of Britvic, said the proposed deal "creates an enlarged international group that is well-placed to capture the growth opportunities in multiple drinks sectors.
Carlsberg to fortify UK business with Pepsi maker Britvic takeover
FTSE 250-listed Pepsi producer Britvic PLC (LSE:BVIC) has agreed to be taken over by Carlsberg, the Danish brewery that makes ‘probably the best lager in the world'. Carlsberg's cash offer places a £3.1 billion valuation on Britvic, or £4.1 billion when including debt.
Brtitvic squeezed as bottler Pepsico reaches agreement with Carlsberg
Carlsberg has made a significant move in its attempts to acquire Britvic PLC (LSE:BVIC) by getting Pepsico, the soft drinks group's bottler, to waive a change of control clause in its contract. “This waiver will come into effect should an acquisition of Britvic by Carlsberg, which has the recommendation of Britvic's board, proceed to completion,” said the statement.
Carlsberg slides 8%, set for largest drop in four years, after Britvic rejects $3.9 billion takeover offer
Shares of Carlsberg were down by 8.7% at 09:04 a.m. London time, according to LSEG data.
Brtivic shares rally as it rejects bids from Carlsberg
Britvic PLC (LSE:BVIC) shares popped 21% after it was revealed it rejected a fresh takeover offer from Danish brewer Carlsberg worth around 1,250p per share, representing around a 20% premium to the drink maker's close on Thursday. This offer follows an earlier proposal from Carlsberg 06 June 2024, which offered 1,200p per share, which the board claimed significantly undervalued the company and its prospects.
Carlsberg (CABGY) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
Carlsberg (CABGY) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Carlsberg (CABGY) Upgraded to Buy: Here's What You Should Know
Carlsberg (CABGY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
CABGY or DEO: Which Is the Better Value Stock Right Now?
Investors with an interest in Beverages - Alcohol stocks have likely encountered both Carlsberg AS (CABGY) and Diageo (DEO). But which of these two stocks is more attractive to value investors?
Carlsberg: Strong Growth Momentum In Key Regions
Carlsberg has a strong growth outlook in key regions, particularly China and India, which should drive organic growth. Visible catalysts in Europe, such as warmer weather and upcoming sports events, are expected to drive volume recovery. Management guidance is conservative, and the historical track record suggests they tend to over-deliver.
