Takeover Panel Takeover Panel deadline imposed under Rule 12.2 (8792I)
09 Juli 2013 - 8:03AM
UK Regulatory
TIDMBVIC TIDMBAG
RNS Number : 8792I
Takeover Panel
09 July 2013
2013/8
BRITVIC PLC ("BRITVIC")
A.G. BARR PLC ("A.G. BARR")
The Panel Executive has been considering the application of Rule
12.2 of the Code to the proposed acquisition by A.G. Barr of
Britvic. Following discussions with both parties' advisers and the
announcement by the Competition Commission that it has formally
cleared the proposed acquisition, the Panel Executive has ruled
that A.G. Barr must, by 5.00 p.m. on Tuesday, 30 July 2013, either
announce a firm intention to make an offer for Britvic under Rule
2.7 or announce that it does not intend to make an offer for
Britvic. This deadline is capable of extension only with the
consent of the Panel Executive. In the event that A.G. Barr
announces that it does not intend to make an offer for Britvic,
A.G. Barr, and persons acting in concert with it, will be bound by
the restrictions contained in Rule 2.8 for six months from the date
of such announcement.
Each of the parties has accepted this ruling.
9 July 2013
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