PepsiCo set to acquire SodaStream

PepsiCo said Monday it plans to buy Soda-Stream, an Israeli maker of carbonation products, for $3.2 billion as the beverage and snacks giant makes further inroads with in-home goods.

The cash deal will see PepsiCo pay $144 per share for SodaStream’s outstanding stock, a 32 per cent premium over its average price of the past 30 days.

SodaStream offers consumers “the ability to make great-tasting beverages while reducing the amount of waste generated,” PepsiCo chair and CEO Indra Nooyi said in a statement.

“That focus is well-aligned with Performance with Purpose, our philosophy of making more nutritious products while limiting our environmental footprint. Together, we can advance our shared vision of a healthier, more-sustainable planet.”

PepsiCo says it aims to provide environmentally friendly and cost-effective products that promote health and wellness.

PepsiCo expects to close the deal by January 2019, after a shareholder vote, regulatory approval and other conditions.

MOST VIEWED

Chinese firms unveil preliminary results on metro, monorail for capital
Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro
Num banh chok pizza a new fusion hit
Num banh chok is a traditional fish curry with fermented rice noodles, prahok fish paste, kroeung paste, flowering plants and seasonal vegetables that is arguably a strong contender for “national dish” status in Cambodia and typically served for breakfast or eaten as an afternoon snack.
Cambodia detects new Covid cases after 52 days: PM
After 52 days of zero new Covid-19 cases, Cambodia has now detected new infections, according to Prime Minister Hun Sen. In his special audio address to the nation late on June 28, Hun Sen said the new cases were detected on people who had undergone PCR tests
Higher education leaders tour US
With support from the US Department of State, 10 Cambodian leaders in higher education participated in the 10-day International Visitors Leadership Programme (IVLP) in three US states from June 19 to July 1. They included nine university rectors and directors of higher education institutions who are members of
Gold-covered boundary stone found within Angkor Thom’s West Gate
The Apsara National Authority (ANA) announced that their working group in charge of restoration work at Angkor Thom's Takav Gate or the West Gate recently found an ancient stone slab commonly known as a boundary stone. The boundary stone is 53 cm by 53 cm and 12 cm
Angkor ticket sales jump by 1,000 per cent in the first half
Angkor Archaeological Park netted more than $2.4 million from ticket sales in the first half of 2022, an increase of more than 1,000 per cent year-on-year, Angkor Enterprise reported. According to a July 1 statement issued by Angkor Enterprise, the state-run institution that manages tickets sales for international visitors