date:Sep 07, 2012
Japanese Pepsi bottler Suntory could enter the fray with a rival bid for Britvic, according to one City analyst, but he added that this was unlikely due to the firms debt levels and low free cash flow yield.
Damian McNeela from Panmure Gordon said his brokerages first reaction to the deal which would create a new group with estimated sales of ?1.542bn (US $2.457bn) for FY 2012 was that it was more attractive for Britvic shareholders than AG Barr shareholders.
Panmure moved from a sell to ho