Logo of Phnom Penh Post newspaper Phnom Penh Post - PepsiCo set to acquire SodaStream

PepsiCo set to acquire SodaStream

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

  • Sihanoukville building collapse death toll rises to 19

    Minister of Interior Sar Kheng said on Sunday that the government will act against those responsible for the collapse of a seven-storey building in Sihanoukville on Saturday, which resulted in 19 dead and 24 injured as of Sunday evening. Sar Kheng said three Chinese nationals and one

  • Gov’t to probe Chinese exports to US via Sihanoukville

    The government is investigating allegations that Chinese companies are using Chinese-owned special economic zones in Cambodia to export goods to the US and avoid tariffs, said Ministry of Commerce spokesman Seang Thay. The move comes after US embassy spokesman Arend Zwartjes said the US had

  • Banh: The Khmer Rouge worse than sanctions and pressure

    Minister of National Defence Tea Banh said on Thursday that having sanctions and external pressure placed on Cambodia was not worse than life under the brutal Khmer Rouge regime. Tea Banh, who is also deputy prime minister, was speaking to military and ruling party officials

  • Funcinpec ‘set to sell their headquarters’, says source

    An anonymous source from Funcinpec said acting president Prince Norodom Chakravuth had held a meeting with other officials to discuss selling several of the party headquarters across the country while the party president Prince Norodom Ranariddh receives medical treatment at the Royal Phnom Penh Hospital