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BVIC Britvic Plc

1,181.00
-15.00 (-1.25%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Britvic Plc LSE:BVIC London Ordinary Share GB00B0N8QD54 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  -15.00 -1.25% 1,181.00 472,924 16:35:14
Bid Price Offer Price High Price Low Price Open Price
1,182.00 1,184.00 1,200.00 1,180.00 1,200.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Btld & Can Soft Drinks,water 1.75B 124M 0.4971 23.78 2.95B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:47:03 O 3,842 1,184.58 GBX

Britvic (BVIC) Latest News (20)

Britvic (BVIC) Discussions and Chat

Britvic Forums and Chat

Date Time Title Posts
30/6/202414:40The Potential of Britvic Plc1,432
05/1/202415:06Britvic PLC29
23/7/201820:56Britvic (BVIC) One to Watch on Tuesday -
27/11/201408:50Britvic (BVIC)- Final Results to 28 September 2014-
26/11/201410:02Britvic (BVIC)- Final Results to 28 September 2014-

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Britvic (BVIC) Top Chat Posts

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Posted at 30/6/2024 09:20 by Britvic Daily Update
Britvic Plc is listed in the Btld & Can Soft Drinks,water sector of the London Stock Exchange with ticker BVIC. The last closing price for Britvic was 1,196p.
Britvic currently has 249,440,264 shares in issue. The market capitalisation of Britvic is £2,948,383,920.
Britvic has a price to earnings ratio (PE ratio) of 23.78.
This morning BVIC shares opened at 1,200p
Posted at 30/6/2024 14:35 by blueclyde
The beauty of this situation is that if a third bid is made I would expect the price to trade there. Does not appear to be any competition or any other factors that would stand in the way of the bid. All parties involved appear to be open to the deal but just want some more money in the table. I will say it again though, how many bids have we seen recently where the American then come in with a better offer. DS Smith, Wincanton etc and those businesses were not as strong as Britvic.
Posted at 30/6/2024 00:17 by philanderer
Aviva tells Carlsberg: Raise your Britvic bid - top investor says brewer CAN afford to pay more


A major investor in Britvic has called on Carlsberg to sweeten its takeover offer for the group.

Aviva, which is a top ten shareholder in Britvic, the maker of Robinsons soft drinks, said there would be benefits to a merger of the companies but that the bid price was too low.

Britvic revealed last week it had rejected two bids from the Danish brewer. The highest offer valued it at £3.1 billion. The FTSE 250 firm said it 'carefully considered' the second offer but that it was still too low to accept.

Kunal Kothari, UK equities fund manager at Aviva, said Carlsberg has 'scope to be more generous' with another bid.

He said the brewing giant could benefit significantly from a takeover – for example because the firms distribute drinks to similar customers. Kothari said: 'Whether we support the deal or not depends on whether the offer price values the business appropriately.'

He added that the current deal was not high enough because it did not take into account how Britvic's finances are expected to improve over the next few years as a standalone company.

Carlsberg has until July 19 to table a final bid. Its £3.1 billion offer, of 1250p per share, was around 29 per cent higher than Britvic's share price before speculation about a deal emerged. Last week PepsiCo, which has a bottling contract with Britvic, said it would not stand in the way. This removed a potential roadblock.


Mail on Sunday
Posted at 26/6/2024 13:27 by blueclyde
Yep RNS this morning with the share count to be used. Surely just a matter of agreeing the price?
Posted at 23/6/2024 10:32 by laurence llewelyn binliner
#Dozey4, thanks for adding some colour to that, it was behind the paywall and what I was looking to read, both parties have a common interest in the existing relationship and maintaining it IF there is a change of BVIC ownership, this smooths the path for Carlsberg should they come back with a 3rd offer, however I would have expected their due diligence to flag this up and green light it before the 1st offer was tabled..

An interesting month ahead here.. :o)
Posted at 23/6/2024 09:27 by dozey4
No - Pepsi haven’t “taken an interest”. BVIC has a bottling/distribution contract with Pepsi with a break clause. Aiui this means any change of control at BVIC triggers an option for Pepsi to walk away from the agreement. The ST reports that Pepsi have said they won’t do so, but are happy for Carlsburg to gobble UP BVIC.
Posted at 22/6/2024 11:37 by philanderer
Laurence , this from todays Times - I can't access the full story , not a subscriber. I think they broke the original story thursday afternoon.

I've been a BVIC holder for many years and it would be a shame to see it go. I hold BAG and NICL as well.


The Times: Carlsberg is understood to be preparing to put a third bid for Britvic on the table after its unsolicited £3.1bn proposal for the soft drinks group was dismissed as too low.


citywire.co.uk
Posted at 22/6/2024 07:22 by laurence llewelyn binliner
#Philanderer, IF Carlsberg come back with a 3rd bid at 1300, although an improvement it is hardly a significant one if the BOD believe 1250 was well short..See what happens next week, our options will be to sell into it then sit back and watch, if the bid falls over come back in again much lower for the win.. :o)Be a shame to lose BVIC from the PF, this year I have already let go of SMDS after their MNDI/IP bid was accepted..
Posted at 21/6/2024 09:51 by philanderer
July 19th deadline for Carlsberg 5pm


Alliance News

In London, shares in Britvic jumped 15% after the soft drinks maker, behind brands such as Robinsons squash and R White's lemonade, said it rebuffed a takeover approach from brewer Carlsberg Group.

Noting "press speculation" Britvic said it received an unsolicited takeover proposal from Carlsberg earlier this month, at an offer price of 1,250 per share. That would give the FTSE 250 listing an equity value of GBP3.09 billion. It followed a proposal of 1,200p per share, which valued Britvic at GBP2.96 billion.

"The board together with its advisers carefully considered the second proposal, and concluded that it significantly undervalues Britvic, and its current and future prospects," Britvic said.

"The board remains confident in the current and future prospects of Britvic. It recognises its fiduciary duties and will consider any further proposal on its merits."

The clock for Carlsberg is now ticking, and it has a 'put up or shut up' deadline of the close of play on July 19.

Carlsberg said: "Carlsberg believes that the proposal represents a compelling opportunity for Britvic shareholders to realise their investment in full in cash at an attractive valuation.

Carlsberg believes that the potential transaction would enable it to capture appealing long-term growth opportunities from Britvic's comprehensive portfolio of leading brands in an attractive segment of the beverage market where Carlsberg already has a strong track record."
Posted at 20/6/2024 22:41 by pete160
That would be just my luck, having sold Bvic and kept Tate.
Posted at 27/3/2024 20:50 by cardinal3
It wuld be good if these new products set the pulses racing a bit as the share price has been flat of late and needs a booster.
Britvic share price data is direct from the London Stock Exchange

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