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What happened, with direct paths to the underlying reporting
- Britvic rejected a £3.1 billion takeover bid from Carlsberg, causing Britvic's shares to surge 21% - Carlsberg's shares fell 8.7% following the rejection of their takeover offer for Britvic - The rejection is seen as a sign that Britvic believes it can deliver more value to shareholders independently. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: M&A
- Britvic rejected a £3.1 billion takeover bid from Carlsberg, causing Britvic's shares to surge 21%
- Carlsberg's shares fell 8.7% following the rejection of their takeover offer for Britvic
- The rejection is seen as a sign that Britvic believes it can deliver more value to shareholders independently.
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