• Text size      
  • Send this article to a friend
  • Print this article

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.

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.

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

141615