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Carlsberg’s Stock Falls 8% As Takeover Offer For Britvic Is Rejected
Shares of Carlsberg (CARL-B) are down 8% after the Danish beer giant’s $3.90 billion U.S. takeover bid for British soft drink maker Britvic (BVIC) was rejected. The current decline is the biggest one-day drop in Carlsberg’s share price since March 2020 when the Covid-19 pandemic struck and its stock fell 9%.In contrast, the stock of Britvic is up 11% on news that it has rebuffed Carlsberg’s acquisition.In a news release, Britvic said Carlsberg’s offer “significantly undervalues” the company. This was Carlsberg’s second run at Britvic after a previous takeover offer was also…
Why an auto insured didn’t have to help with his insurer’s defence
An Ontario court has set aside a judgement of almost $155,000 that an auto insurer obtained against its insured for not complying with a legal obligation to participate in the insurer’s defence. In this case, the insured was not driving…The post Why an auto insured didn’t have to help with his insurer’s defence appeared first on Canadian Underwriter.
Marty Krofft, Co-Producer of Iconic ’70s Kids’ Shows, Dies at 86
Marty Krofft, one half of the duo of brothers who created and produced a string of memorable ’70s children’s shows with low budgets and endless creativity, died Saturday in L.A. He was 86. Variety confirmed his passing, which a family rep confirmed was due to kidney failure. The Kroffts were born in Montréal, Marty in 1937 following his older brother Sid, who is living, in 1929. Sid began his career with a one-man puppet show in the 1940s, and Marty joined him in the ’50s to co-create a puppet show for grown-ups called “Les Poupées de Paris.” The brothers designed sets and characters for…