PepsiCo to waive clause in bottling deal as Carlsberg eyes $3.9 billion Britvic bid
) has agreed to waive a change of control clause in its bottling arrangements with Britvic, potentially removing a hurdle from the Danish brewer's path to bid for the British company.
"This waiver will come into effect should an acquisition of Britvic by Carlsberg, which has the recommendation of Britvic's board, proceed to completion," Carlsberg, which bottles Pepsi drinks in some markets, said. Britvic in 2020 signed a 20-year franchise bottling agreement for PepsiCo drinks such as Pepsi, 7UP and Mountain Dew, in Britain.
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