High Court approves Carlsberg takeover of Britvic

(Sharecast News) - Drinks maker Britvic said on Wednesday that a high court judge has approved its £3.3bn takeover by Carlsberg.

The Danish brewer announced in July last year that it had reached a deal to buy Britvic after two previous bids were rejected.

Under the terms of the deal, Britvic shareholders will get £13.15 a share, including a special dividend of 25p a share.

At a hearing on Monday, Mr Justice Hildyard sanctioned the takeover, saying that the scheme "could be and should be approved".

The acquisition was approved by Britvic's shareholders last August, while the Competition and Markets Authority gave its green light in December.