WELL that put the fizz back into
After rejecting the second of two offers - pitched at £12.50-a-share -
There are plenty of reasons to think this is far from a hostile rejection, though. One leading shareholder described the latest offer as "a credible bid" while backing the board's decision to reject it.
The approval of Pepsico, the American consumer goods giant with which
In addition, the Danish company is also said to have several bottling relationships with PepsiCo's bitter rival,
Nor should the 8 per cent fall in Carlsberg's stock price on the morning of confirmation of the approaches be interpreted as a serious blow to its ambitions. The company is 30 per centowned by its eponymous Foundation, which also controls 76 per cent of its voting rights, so its independent shareholders carry less influence than expected.
One
(c) 2024 City A.M., source