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OFT refers Britvic-AG Barr merger to CC

By BFN News | 04:23 PM | Wednesday 13 February, 2013

The Office of Fair Trading is referring the proposed merger of soft drinks firms Ag Barr and Britvic to the Competition Commission. The companies are awaiting publication of the full text of the OFT's decision but said they would continue to work together and would make a further joint announcement following their combined review of the full decision. A joint statement says that as a result of the OFT's decision, a condition in the scheme document has not been satisfied and was now invoked by AG Barr. The merger has now lapsed and Britvic confirmed that the scheme would not proceed. At 4:23pm: (LON:BAG) Barr (A.G.) share price was -41p at 514p Story provided by