Britvic offer falls flat

A £600m (€886m) takeover offer for drinks group Britvic failed to materialise today after a private equity bidder pulled its interest.

Permira was reported to be lining up an offer as early as today for Britvic, which is best known for making Robinsons and Tango.

The private equity group said it did not intend to make an offer, although it reserved the right to bid in the next six months if it was given the support of management or another bidder emerged.