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PepsiCo to buy SodaStream International in $3.2 billion deal

PepsiCo
Acquisition   The transaction will be funded with PepsiCo's cash on hand

PepsiCo will acquire all outstanding shares of SodaStream International for $144.00 per share in cash, which represents a 32% premium to the 30-day volume weighted average price.


Under the terms of the agreement between PepsiCo and SodaStream, PepsiCo has agreed to acquire all of the outstanding shares of SodaStream International Ltd. for $144.00 per share, in a transaction valued at $3.2 billion. The transaction will be funded with PepsiCo's cash on hand.

The acquisition has been unanimously approved by the boards of directors of both companies. The transaction is subject to a SodaStream shareholder vote, certain regulatory approvals and other customary conditions, and closing is expected by January 2019.

 

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