Shares in Carlsberg plunged after Britvic rejected a takeover bid
Shares in Carlsberg suffered their biggest one-day fall in more than four years after British soft drinks maker Britvic said it had rejected a £3.11bn takeover offer from the Danish brewer.
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.
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