Britvic Rejects £3.1 Billion Takeover Bid from Carlsberg

The British soft drinks giant deems the offer significantly undervalued, leading to a surge in its share price.

Britvic received two unsolicited offers from Carlsberg, both of which were rejected for undervaluing the company.
The rejected bids valued Britvic at 1,250p per share, representing a 29% premium on its recent share price.
Britvic's share price jumped 16% following the announcement of the rejection.
Carlsberg has until July 19 to make another offer or withdraw completely.
Britvic reported an 11% revenue increase to £880.3 million in the first half of the year.