Overview

• 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.