#BDSFail PepsiCo acquires rival Israel-based SodaStream for $144/share

BLOOMBERG
PepsiCo Enters Homemade Market With $3.2 Billion SodaStream Deal
by Thomas Mulier
August 20, 2018

PepsiCo Inc. agreed to buy fizzy-drinks dispenser SodaStream International Ltd. for $3.2 billion, sending the company synonymous with sugary sodas into the homes of more health-conscious consumers. PepsiCo will pay $144 a share in cash for the Israeli company, the companies said in a statement Monday. That’s 11 percent higher than Friday’s closing price and would be the Purchase, New York-based company’s largest acquisition in eight years…SodaStream shares have jumped 49 percent this month after the company boosted its forecast for revenue growth this year to 23 percent and reported first-half figures that beat estimates. READ MORE

GLOBES Sodastream to invest NIS 90m in expanding Negev factory

TIMES OF ISRAEL SodaStream chief hails $3.2 billion sale to PepsiCo as victory over BDS

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