October 21 2014 Latest news:
By Duncan Brodie
Monday, January 14, 2013
SOFT drinks companies Britvic and AG Barr have extended the timetable for their proposed merger.
The £1.4billion all-share deal was due to complete on January 30 but has been delayed as the Office of Fair Trading (OFT) had yet to complete its review of the merger.
The two companies said today that a decision date from the OFT was now expected in February, and a new timetable for the merger would be provided “in due course”.
Britvic, which includes factories in Chelmsford and Norwich, owns brands such as Robinsons, Fruit Shoot, R Whites and Tango while AG Barr produces drinks including Irn Bru and Tizer.
One of East Anglia’s largest crane hire companies, Quinto Crane & Plant Ltd, has been bought out in a multi-million pound deal, with the new owner promising to safeguard the jobs for its 125 employees and guaranteeing future investment.