Reflects increase in financial leverage (Il Sole 24 Ore Radiocor) - Copenhagen, 08 Jul - Danish brewer Carlsberg said that it has terminated the current share buyback that started on April 30 due to its recommended offer to acquire UK soft drinks maker Britvic and the subsequent increase in financial leverage.

Carlsberg earlier said it had reached an agreement to buy UK soft drink maker Britvic for 3.3 billion pounds and an implied enterprise value of 4.1 billion pounds.

Carlsberg will offer 1,315 pence for each Britvic share comprising 1,290 pence in cash for each Britvic share and a special dividend of 25 pence per share that is expected to be paid by Britvic prior to the effective date.

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(RADIOCOR) 08-07-24 10:02:39 (0167) 5 NNNN