The Carlsberg Group and Britvic have announced that an agreement has been reached on the terms of a recommended cash offer for the acquisition of the latter by the former. Whilst the Danish-founded Carlsberg Group predominantly produces alcoholic beverages, British-based Britvic is best known for manufacturing soft drinks including brands like Tango, J20 and Robinsons. Britvic is also the main partner for PepsiCo in the UK and Ireland, with exclusive rights to manufacture, bottle and sell brands such as Pepsi, 7UP and Lipton Ice Tea. According to the official offer document, t his offer values 'the entire issued and to be issued ordinary share capital of Britvic' at approximately £ 3.3 billion on a fully diluted basis and an implied enterprise value of approximately £ 4.1bn. If the deal were to go through, Britvic shareholders would be entitled to £ 13.15 pence per share, which includes a 25p-per-share 'special dividend payment'.