PepsiCo Inc. and SodaStream International Ltd. have announced an agreement under which Pepsi will acquire all outstanding shares of SodaStream for $144 per share in cash. This represents a 32 percent premium to the 30-day volume weighted average price.
The companies hope that combining the strong distribution capabilities and global reach of Pepsi with SodaStream’s differentiated product range will position them for expansion and innovation.
“PepsiCo and SodaStream are an inspired match,” says....