January 25 2015 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.
Aviva will embark on a cost-cutting drive leading to 1,500 job losses if its £5.6bn takeover of Friends Life wins the backing of shareholders.