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…