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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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AG Barr -All share merger with rival Britvic

January 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BAG
  • Price:
  • 488p
Just five months after we wrote about AG Barr (at the equivalent of  375p adjusting for a share split), it has announced an all share merger with rival Britvic (BVIC; 395p), which will see Britvic shareholders holding 63% of the equity and AG Barr holders 37%. The new combined company will be called Barr Britvic Soft Drinks.The Merger will create one of the leading soft drinks companies in Europe, with annual sales of £1.5 billion, a portfolio of strong brands and significant prospects for future growth. In addition, there should be around £35m of cost synergies (around 20% of the combined profits of the two firms) through removal of duplicated costs and better buying. According to broker Cannacord, the  comb ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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