date:Sep 07, 2012
if the merger went through, but that what Britvics shareholders gained in terms of brands and fiscal strength, Barrs arguably lost, while they also gained access to a business with a more mixed track record.
McNeela said Panmure anticipated synergy savings of around ?25m due to the removal of duplicated central functions and a further ?50m additional procurement/distribution savings.
He suggested that the new group could save a further ?75m by expanding AG Barrs new Milton Keynes site furth