Britvic-AG Barr Merger Hits Latest Hurdle

A merger between British soft drinks companies Britvic and A.G. Barr hangs in the balance after Britain's consumer affairs watchdog referred the deal to the Competition Commission. The companies said that the 1.4 billion pound (US$2.2 billion) merger has now lapsed and they will make a joint announcement after conducting a combined review of the full decision by the Office of Fair Trading (OFT). "We're in the long grass for at least nine months," Britvic Chairman Gerald Corbett told Reuters on Wednesday. (Reuters)