October 25 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.
A £2m plan to transform Palmers department store in Dereham and a neighbouring eyesore into an upmarket supermarket and clothing shop has been confirmed.