UK’s Britvic rejects revised takeover proposal from Carlsberg


(Reuters) – British soft drinks maker Britvic rejected a revised, unsolicited, possible cash offer from Carlsberg Group as the proposal undervalued the group and its prospects, it said on Friday.
(Reuters) – British soft drinks maker Britvic rejected a revised, unsolicited, possible cash offer from Carlsberg Group as the proposal undervalued the group and its prospects, it said on Friday.
Britvic’s board unanimously rejected a 1,250 pence-per-share second proposal on June 17, it added.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Janane Venkatraman)
A takeover proposal is an offer made by one company to acquire another company, typically involving a cash offer or stock exchange. It can be friendly or hostile, depending on the target company's response.
Corporate governance refers to the systems and processes that direct and control a company. It encompasses the relationships among stakeholders, including management, the board of directors, and shareholders.
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