PepsiCo to buy Israel’s SodaStream in $3.2 billion deal

PepsiCo to buy Israel's SodaStream in $3.2 billion deal

[ccpw id=”6606″]

(Reuters) – PepsiCo Inc (PEP.O) said on Monday it would buy Israel-based Sodastream (SODA.TA), which makes fizzy drink-making household devices, in a deal valued at $3.2 billion.

FILE PHOTO: Employees pack boxes of the SodaStream product at the factory in the West Bank Jewish settlement of Maale Adumim January 28, 2014. REUTERS/Ammar Awad

PepsiCo will acquire Sodastream for $144 per share in cash, the companies said in a statement.

Reporting by Bhanu Pratap in Bengaluru; Editing by Sai Sachin Ravikumar

Our Standards:The Thomson Reuters Trust Principles.

Original Source