Carlsberg Quaffs British Soft Drinks Maker Britvic For GBP3.3 Bn

Carlsberg's acquisition of Britvic will see it become a distributor of both beer and soft drinks in Britain, inlcuding PepsiCo products (Credit: AFP)

Danish brewer Carlsberg on Monday said that it had reached a deal to buy British soft drinks manufacturer Britvic for GBP3.3 billion ($4.2 billion).

The announcement came little more than two weeks after the maker of the fruit drink Robinsons squash rejected a takeover approach worth GBP3.1 billion from Carlsberg, arguing that it significantly undervalued the firm.