date:Feb 19, 2013
The boards of A.G. Barr and Britvic have responded to the decision by the UKs Office of Fair Trading to refer the proposed merger of the two companies to the UKs Competition Commission, saying that they continue to believe that the merger will not result in a substantial lessening of competition.
However, following the OFTs announcement, Britvic widely seen to be the primary beneficiary of the deal saw its share decline by over 7%. A.G. Barrs shares fell by around 2.5%.
Analysts noted that