Shares in Carlsberg plunged after Britvic rejected a takeover bid

According to CNBC, Carlsberg’s share price fell 8.7 percent, the company’s biggest one-day share price decline since March 12, 2020. Shares then fell 8.77 percent, thanks to global market turbulence caused by the COVID-19 pandemic.

Following the rejection of the takeover bid, Britvic shares, on the other hand, rose 18.5%, indicating a positive market reaction to the news.