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Barr and Britvic, which is to be implemented by way of a scheme of arrangement of Britvic. The Merger ratio will be 0. Barr Shares for every Britvic Share held, resulting in Britvic Shareholders holding approximately 63 per cent. Barr Shareholders holding approximately 37 per cent. The combination has compelling commercial and industrial logic given the high level of complementarity between the two businesses in terms of brands, sales channel presence and geographic presence within the United Kingdom.
In addition, following preliminary analysis, opportunities for significant cost and net revenue synergies have been identified which underpin the industrial logic and shareholder value creation opportunity of the Merger.
The boards of A. A g barr plc a addition to these cost synergies, the boards of A.
Britvic also enjoys a strong relationship with Pepsi and Pepsi is supportive of a combination of A. The Combined Group is committed to maintaining and developing its successful relationship with Pepsi.
Conditional on the Merger becoming Effective, Pepsi and Britvic have agreed certain variations to the contractual terms of Pepsi's exclusive bottling and distribution agreements with Britvic to reflect the operations of the Combined Group following the Merger and, on the basis of these revised terms, Pepsi has agreed not to exercise any rights of termination it may have as a consequence of the Merger under these agreements.
The Combined Group's brand portfolio will benefit from enhanced routes to market and is expected to drive opportunities for further revenue growth. Internationally, the Combined Group will enjoy significant presence in France and Ireland, and growing distribution of proprietary brands in markets such as the USA.
The Combined Group's strategy will focus on creating value by driving both the availability of its brands and operational efficiency.
The Combined Group will have a proven management team to be led by the current A. Barr, will become the non-executive Deputy Chairman of the Combined Group. The Combined Entity's board will also include a further six non-executive directors, three nominated from each of A.
Barr's and Britvic's boards. Furthermore, the Combined Group will benefit from the collective talent of the respective management teams, who will focus on delivering the Combined Group's business strategy whilst delivering the integration of the two businesses.
Barr and Britvic are both experienced operators with significant knowledge and expertise across the soft drinks sector. Barr and Britvic have recent experience of successful post transaction integrations. The integration of the two businesses will be managed by a dedicated integration team, bringing together the best relevant capability of both businesses, to facilitate a smooth and swift transition.
Following the completion of the Merger, the Combined Group will benefit from a robust long term capital structure. The Combined Group's sources of funding will provide appropriate financial and strategic flexibility going forward which will be further enhanced by the delivery of synergies.
It is proposed that the legal headquarters of the Combined Entity will be located at A.View Steven Simpson’s profile on LinkedIn, the world's largest professional community.
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One Fool believes excessive market expectations stack the odds against Fevertree Drinks plc (LON: FEVR), but low expectations for A.G. Barr plc (LON: BAG) are.
Investor information on A.G. BARR including regulatory news, share information, annual reports and corporate governance. A.G. Barr topic. A.G. Barr plc, commonly known as Barr's, is a Scottish soft drink manufacturer, based in Cumbernauld, North Lanarkshire, Scotland.
It manufactures the popular Scottish drink, Irn-Bru. It is listed on the London Stock Exchange and is a constituent of the FTSE Index.
A G Barr plc. April – Present 14 years 8 months. A G Barr, Cumbernauld. Worked within Barrs for 12 years within a fast paced sales environment, heavily involved with logistics,distribution and sales professionals on all different levels.
I provide great knowledge of a range of different systems including CRM, Ktime, Microsoft office and Title: Load Planner and Sales order .