A can of Carlsberg AS pilsner and a Britvic Plc apple drink organized in London, UK, on Friday, June 21, 2024. Hollie Adams | Bloomberg | Getty ImagesLONDON — Gentle drinks maker Britvic has agreed to a sweetened takeover bid of £3.28 billion ($4.2 billion) from Carlsberg, the businesses stated Monday.The deal agreed provided 1,290 pence per share for Britvic, with a small dividend that offers shareholders 1,315 pence per share.Britvic in June refused an improved money takeover bid from Carlsberg providing 1,250 pence per share of the British delicate drinks maker. It stated on the time that the proposal “considerably undervalues Britvic, and its present and future prospects.” Carlsberg’s earlier June 6 provide worth of 1,200 pence per Britvic share was additionally declined.Ian Durant, the non-executive chair of Britvic, stated the proposed deal “creates an enlarged worldwide group that’s well-placed to seize the expansion alternatives in a number of drinks sectors.” He additionally namechecked Carlsberg’s settlement with PepsiCo which, he stated, supplies the “mixed group with a powerful platform for continued success.”Carlsberg CEO Jacob Aarup-Andersen stated in the identical assertion that the deal combines “Britvic’s high-quality delicate drinks portfolio with Carlsberg’s sturdy beer portfolio and route-to-market capabilities, creating an enhanced proposition throughout the UK and markets in Western Europe.”PepsiCo is essential to the deal, as Britvic bottles and distributes PepsiCo manufacturers within the U.Ok. and Eire. Carlsberg and PepsiCo earlier this 12 months agreed to waive a “change of management clause” within the bottling contract.