PepsiCo to acquire SodaStream for $3.2 billion

MG News | August 20, 2018 at 01:11 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

PepsiCo, one of the largest beverage and snack companies in the world, has announced its plans to acquire SodaStream for $3.2 billion. The announcement was made on Monday, August 20, 2018.

PepsiCo has agreed to pay $144 per share in cash for SodaStream through its cash on hand. The purchase price represents a 32% premium to its 30-day volume weighted average price.

SodaStream is an Israel-based company headquartered in Tel Aviv, that makes fizzy drink-making household devices. Hence the acquisition is expected to help Pepsi by providing it a new line through which it can reach customers in their homes, rather than through stores.

While the acquisition has been unanimously approved by the Board of Directors of both the companies, the transaction is subject to a SodaStream shareholder vote, along with certain regulatory approvals.

Closing for the deal is expected by January 2019.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,896.68 169.98M	0.67% 1091.66
ALLSHR	98,449.69 389.81M	0.63% 617.70
KSE30	48,687.46 89.94M	0.72% 346.80
KMI30	233,849.31 94.62M	0.50% 1168.71
KMIALLSHR	64,048.09 199.49M	0.59% 373.04
BKTi	44,347.06 28.49M	1.07% 471.40
OGTi	34,422.95 8.77M	1.31% 443.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,055.00	77,425.00 76,120.00	160.00 0.21%
BRENT CRUDE	111.12	111.79 109.01	-0.98 -0.87%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-7.75 -6.58%
ROTTERDAM COAL MONTHLY	111.50	111.50 111.50	0.90 0.81%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	104.17	104.86 102.12	-0.21 -0.20%
SUGAR #11 WORLD	15.04	15.13 14.69	0.31 2.10%