The US beverage company will pay $144.00 per share in cash for the Israeli carbonated drinks company – a 10% premium on yesterday’s closing price,
PepsiCo today announced that it is acquiring Israeli home carbonated drinks company Sodastream International Ltd. (Nasdaq: SODA; TASE: SODA) for $3.2 billion. The US beverage company will buy all outstanding shares for $144.00 per share in cash, which is a 32% premium on the 30-day volume weighted average price and a 10% premium on last night’s closing price on Nasdaq.
- Read the full article by Omri Zerachovitz in The Globes here
- Read about the 3rd Billion Dollar exit from Israel in 2018 by Simona Shemer NoCamels here
- Read why Sodastream chief says PepsiCo deal will uncap opportunities for massive growth by Shoshanna Solomon in Times of Israel here
- PepsiCo acquisition of SodaStream is a good hedge, says Cramer “Squawk on the Street” team CNBC see the clip on CNBC here