PepsiCo is buying SodaStream for $3.2 billion

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Coke vs. Pepsi: The cola wars are back

Pepsi is shopping for one of many world’s prime glowing water manufacturers.

The drinks firm introduced Monday that it might take over SodaStream (SODA), the Israeli firm that sells do-it-yourself seltzer makers, in a deal price $three.2 billion.

The transfer will enhance Pepsi’s (PEP) efforts to shift from its conventional mushy drinks enterprise into to providing more healthy choices.

SodaStream’s merchandise, marketed as a wholesome different to sugary sodas, match Pepsi’s objective of “making extra nutritious merchandise whereas limiting our environmental footprint,” Pepsi CEO Indra Nooyi mentioned in a press release. “Collectively, we are able to advance our shared imaginative and prescient of a more healthy, extra sustainable planet.”

The deal might be funded utilizing Pepsi’s money readily available and has been unanimously authorized by the boards of each firms. It’s anticipated to shut by January 2019, pending a SodaStream shareholder vote and sure regulatory approvals.

CNNMoney (New Delhi) First printed August 20, 2018: three:03 AM ET

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