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PepsiCo to Buy SodaStream for $3.2 Billion

CNBC:

Beverage and snack giant PepsiCo announced plans Monday to acquire at-home carbonated drink maker SodaStream for $3.2 billion.

Purchase, New York-based PepsiCo agreed to pay $144 per share in cash for SodaStream’s outstanding stock, a 32 percent premium to its 30-day volume weighted average price.

I really hope Pepsi doesn’t screw SodaStream up.

Update: This take from Daniel Sandler is just perfect.

Monday, 20 August 2018