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Merger delay hits AG Barr and Britvic share prices

SHARES in AG Barr have fallen a further 2% while Britvic was down by 2.2%, as a delay in their proposed merger continues to affect investor sentiment.

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The tie-up was referred to the Competition Commission by the Office of Fair Trading last week.

Irn-Bru and Rubicon manufacturer AG Barr has seen more than £60 million wiped off its market capitalisation since the merger was referred.

It closed down 10.5p to 502p, giving it a market capitalisation of £586m.

Britvic has also suffered with around £160m shaved from its market value.

The Fruit Shoot maker ended the day down 8.9p to 395p, giving it a market capitalisation of £962m.

The Competition Commission could take up to six months to report back although both firms have indicated they remain committed to a deal.

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