LONDON — Soft drinks maker Britvic has agreed to a sweetened takeover bid of £3.28 billion ($4.2 billion) from Carlsberg, the companies said Monday. The deal agreed offered 1,290 pence per share for Britvic, with a small dividend that gives shareholders 1,315 pence per share. Britvic in June refused an improved cash takeover bid from Carlsberg offering 1,250 pence per share of the British soft drinks maker. Carlsberg's previous June 6 offer price of 1,200 pence per Britvic share was also declined. PepsiCo is key to the deal, as Britvic bottles and distributes PepsiCo brands in the U.K. and Ireland.

---

Persons: Britvic, Ian Durant, Jacob Aarup, Andersen Organizations: Carlsberg AS pilsner, Carlsberg, PepsiCo Locations: London, Western Europe, Ireland