Monday, 20 August 2018

Drinks and snacks giant PepsiCo buys fizzy drinks maker SodaStream for £2.5bn

Drinks and snacks giant PepsiCo has bought Israel's fizzy drink maker SodaStream for $3.2bn (£2.5bn).
PepsiCo, which owns brands including Tropicana, Walkers and Doritos, said it had agreed to acquire all of SodaStream's outstanding shares at $144 (£112) each.
This represents a 32% premium to the 30-day volume weighted average price.

PepsiCo chairman and chief executive Indra Nooyi described the companies as "an inspired match".

She said SodaStream's products, which are marketed as a healthy alternative to sugary drinks, fit in with the US firm's goal of "making more nutritious products while limiting our environmental footprint".

"Together, we can advance our shared vision of a healthier, more sustainable planet," she added.

As well as Pepsi, PepsiCo's brands include Walkers, Doritos and Tropicana

SKY           News.

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