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PepsiCo to acquire SodaStream for $3.2 billion
PepsiCo Inc. and SodaStream International have entered into an agreement under which PepsiCo will acquire all outstanding shares of SodaStream for $144 per share in cash, in a transaction valued at US$3.2 billion. The transaction is expected to close in January 2019.
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The acquisition of SodaStream adds to PepsiCo’s growing water portfolio, while catalyzing its ability to offer personalized in-home beverage solutions around the world. PepsiCo’s strong distribution capabilities, global reach, R&D, design, and marketing expertise, combined with SodaStream’s differentiated and unique product range will position SodaStream for further expansion and innovation, the company said in a statement.
“From breakthrough innovations like Drinkfinity to beverage dispensing technologies like Spire for foodservice and Aquafina water stations for workplaces and colleges, PepsiCo is finding new ways to reach consumers beyond the bottle, and today's announcement is fully in line with that strategy,” said Ramon Laguarta, CEO-Elect and President, PepsiCo.
The transaction is another step in PepsiCo’s Performance with Purpose journey, promoting health and wellness through environmentally friendly, cost-effective and fun-to-use beverage solutions.
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