Britvic said today it would suspend its £75m share buyback in light of Danish brewer Carlsberg's proposal to buy the British soft drinks maker.
Britvic had rejected a £3.11 billion takeover proposal from Carlsberg last week.
Carlsberg is considering its options and said yesterday that PepsiCo agreed to waive a clause in its bottling deal with Britvic, in a move that could pave the way for the Danish firm to raise its bid for the maker of Robinsons fruit cordial.
The company will evaluate recommencement of the share repurchase programme should the circumstances change, it said.
Britvic shares were lower in London trade today.
