• Monday, August 15, 2022

Business

PEPSICO TO PURCHASE SODASTREAM FOR £2.51 billion

PepsiCo to Purchase SodaStream for 2.51 Billion GBP.

By: Radhakrishna N S

PepsiCo, Inc. and SodaStream International Ltd. have announced that they have entered into a deal under which PepsiCo has agreed to purchase all outstanding shares of SodaStream for 112.83 GBP per share in cash, according to a statement from PepsiCo on Monday (20). Under the terms of the deal between PepsiCo and SodaStream, PepsiCo has signaled green to purchase all of the outstanding shares of SodaStream International Ltd. For112.83 GBP per share, in a transaction valued at 2.51 billion GBP. The deal will be funded with PepsiCo’s cash on hand. The deal has been unanimously sanctioned by the boards of…

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