UK drinks maker Britvic rejects second takeover bid from Carlsberg

Danish brewer Carlsberg makes a £3.1bn offer for the Robinsons owner - but what does it mean for investors?

A can of Carlsberg lager beer, produced by Carlsberg A/S, sits on display inside a supermarket in London
(Image credit: Getty Images)

Robinsons owner Britvic has rejected a £3.1bn bid from Carlsberg, the second offer made by the Danish brewer in a matter of days.

Britvic, which is based in Hertfordshire, said it received a proposal from Carlsberg for the whole business on June 11. The UK FTSE 250 company told the stock exchange on Friday morning: “The board together with its advisers carefully considered the second proposal, and concluded that it significantly undervalues Britvic, and its current and future prospects.”

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Chris Newlands

Chris is a freelance journalist, and was previously an editor and correspondent at the Financial Times as well as the business and money editor at The i Newspaper. He is also the author of the Virgin Money Maker, the personal finance guide published by Virgin Books, and has written for the BBC, The Wall Street Journal, The Independent, South China Morning Post, TimeOut, Barron's and The Guardian. He is a graduate in Economics.