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Pepsi is making a $3.2 billion bet on an unconventional sparkling-water brand as Americans ditch soda

8 monthes ago   |   By Business Insider

PepsiCo is acquiring SodaStream for $3.2 billion, the company announced on Monday.
SodaStream is a company that sells machines that carbonate water, as well as syrups used to flavor the resulting beverages.
The deal comes at a time when Americans are moving away from drinking traditional, sugary sodas.
PepsiCo is making a $3.2 billion bet on sparkling water.
On Monday, the snack-and-beverage giant announced plans to purchase sparkling-water brand SodaStream for $3.2 billion. Unlike most beverage brands owned by PepsiCo, however, SodaStream sells machines that carbonate water as well as...
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PepsiCo buys SodaStream for $3.2 billion

PepsiCo buys SodaStream for $3.2 billion

8 monthes ago   |   By Boston Herald

JERUSALEM - PepsiCo bought carbonated drink maker SodaStream for $3.2 billion on Monday, a move the beverage giant hopes will further help it adjust as consumers drink less traditional soda and opt more for flavored waters and other drinks.
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PepsiCo buys SodaStream for $3.2 billion

PepsiCo buys SodaStream for $3.2 billion

8 monthes ago   |   By New York Post

PepsiCo will buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market. Founded in Britain in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing people to create fizzy drinks by adding flavored syrups to carbonated tap water, but...
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PepsiCo buys Israel's SodaStream for $3.2 billion

8 monthes ago   |   By ABC

Beverage giant PepsiCo on Monday purchased Israel's fizzy drink maker SodaStream for $3.2 billion, a boon for a company that has enjoyed a resurgence after being targeted by anti-Israel boycotters in the past.
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Here's Why Pepsi Is Buying SodaStream for $3.2 Billion

8 monthes ago   |   By Time

PepsiCo Inc. agreed to buy fizzy-drinks dispenser SodaStream International Ltd. for $3.2 billion to extend 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.
In one of her final acts as chief executive officer of PepsiCo, Indra Nooyi is betting on a razors-and-blades kind of business model to reanimate...
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PepsiCo buys Israel's SodaStream for $3.2 billion

8 monthes ago   |   By Boston Herald

JERUSALEM - Beverage giant PepsiCo has bought Israel's fizzy drink maker SodaStream for $3.2 billion. PepsiCo said on Monday it's acquiring all SodaStream's outstanding shares at $144 per share, a 32 percent premium to the 30-day volume weighted average price. Earlier this month, SodaStream reported its strongest results in company history, a 31 percent year-over-year jump in revenues to $172 million, an 89 percent leap in operating profit to $32 million and an 82 percent climb by net profit to $26 million.
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