AG Barr and Britvic merger talks deadline extended

bottles of soft drinks AG Barr's products include Irn Bru

Soft drink rivals AG Barr and Britvic have been handed more time by the takeover panel to discuss a possible £1.4bn merger.

The companies had been given until Wednesday to announce their intentions over a possible bid.

But their boards said the panel had granted an extension of the deadline to 31 October to allow further talks.

Irn Bru maker AG Barr and Tango producer Britvic opened discussions about a merger last month.

In a joint stock market announcement, the companies said discussions were still ongoing and there was "no certainty" that a firm offer would be made.

AG Barr, which also makes Tizer and Rubicon, approached its Hertfordshire-based rival Britvic about a potential tie-up on 5 September.

The Cumbernauld-based company claimed the deal could create one of Europe's leading soft drinks companies.

Britvic's other products include Robinsons, J2O and Fruit Shoot. It also sells PepsiCo brands under an exclusive licence.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features & Analysis

  • French luxury Tea House, Mariage Freres display of tea pots Tea for tu

    France falls back in love with tea - but don't expect a British cuppa


  • Woman in swimming pool Green stuff

    The element that makes a familiar smell when mixed with urine


  • People take part in an egg-cracking contest in the village of Mokrin, 120km (75 miles) north of Belgrade, Serbia on 20 April 2014In pictures

    Images from around the world as Christians mark Easter Sunday


  • Female model's bottom in leopard skin trousers as she walks up the catwalkBum deal

    Why budget buttock ops can be bad for your health


Elsewhere on the BBC

  • ITChild's play

    It's never been easier for small businesses to get their message out to the world

Programmes

  • An aerial shot shows the Olympic Stadium, which is closed for repair works on its roof, in Rio de Janeiro March 28, 2014.Extra Time Watch

    Will Rio be ready in time to host the Olympics in 2016? The IOC president gives his verdict

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.