Tag Archive for Pepsi

SOLD! – Pepsi acquires Israel’s SodaStream in $3.2 billion agreement

For $144 per share, in cash, PepsiCo diversifies its portfolio of snacks & beverages by acquiring the Israeli home-carbonation drink-machine product in a multi-billion dollar deal.

By Reuters


PepsiCo (PEP.O) is buying household drink-machine maker SodaStream (SODA.TA) (SODA.O) in a $3.2 billion deal, it said on Monday, seeking an edge in health-conscious beverages as it battles chief rival Coca-Cola (KO.N).

PepsiCo will acquire SodaStream for $144 per share in cash, representing a 10.9 percent premium to the Friday closing price of SodaStream’s US-listed stock.

SodaStream, which makes machines that turn tap water into carbonated water, will help diversify PepsiCo’s portfolio of snacks and beverages. Continue Reading »