AG Barr and Britvic deadline day

Soft drink giants AG Barr and Britvic could announce details of their proposed £1.4bn merger today as a deadline set by the Takeover Panel expires. The proposal, which first appeared on 5 September, would see Britvic shareholders own 63 per cent of the new business and AG Barr shareholders take 37 per cent. A new board of directors has been drawn up, with AG Barr chief executive Roger White taking over as chief executive.