MoneyWeek

It pays to just say no

The fate of Britvic, the soft-drinks maker, hangs in the balance. The company has firmly rebuffed three offers from the brewing giant Carlsberg, and its share price, perhaps not surprisingly, is already up by almost 40% since the start of this year. Earlier this week, Pepsi said it would not stand in the way of a change of control, a significant concession as Britvic distributes its products in the UK. Carlsberg may well come back with

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