Linklaters, Scottish Shop Lead on Latest Billion-Dollar Beverage Deal
British soft drink rivals Britvic and A.G. Barr have reached agreement on a $2.3 billion all-share merger that will create one of Europe's largest soft drink companies. The deal, which has been in the works for several years, yielded roles for Magic Circle firm Linklaters and leading Scottish shop Dickson Minto.
By Brian BaxterNovember 14, 2012
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Chelmsford, England-based Britvic, whose brands include
Tango, is second only to Coca-Cola in soft drink sales volume in the U.K. Its proposed merger with Cumbernauld, Scotland-based A.G. Barr, known for the popular orange beverage
Irn-Bru, calls for Britvic shareholders to own 63 percent of what will be known as Barr Britvic Soft Drinks and A.G. Barr shareholders to own the balance.
Emma Thomas serves as Britvic’s general counsel and company secretary.
Joanne Averiss, European general counsel for the world’s second-largest soft drink company PepsiCo, is a member of Britvic’s board of directors. Britvic acts as a PepsiCo bottler and distributor in the U.K. and Ireland.
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