Home Business NewsBusinessPepsiCo to buy SodaStream for $3.2bn

PepsiCo to buy SodaStream for $3.2bn

by Purvai Dua
20th Aug 18 10:18 am

PepsiCo has announced plans to buy Israel-based SodaStream in a $3.2bn deal.

PepsiCo will acquire SodaStream for $144 per share in cash, representing a 10.9 per cent premium to the Friday closing price of SodaStreamโ€™s U.S.-listed stock.

SodaStream, which makes machines that turn tap water into carbonated water, will help diversify PepsiCoโ€™s portfolio of snacks and beverages. The Purchase, New York-based group will use cash on hand to fund the acquisition.

SodaStreamโ€™s Israel-listed shares will be halted for trading until its Nasdaq-listed stock opens later on Monday, the Tel Aviv Stock Exchange said in a statement.

Leave a Comment

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]