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Stock impact report

PepsiCo is buying SodaStream for $3.2 billion as sugary soft drinks lose popularity [Los Angeles Times (CA)]

PepsiCo, Inc. (PEP) 
Last pepsico, inc. earnings: 4/28 06:03 am Check Earnings Report
US:NYSE Investor Relations: pepsico.com/investors
PepsiCo is buying SodaStream for $3.2 billion as sugary soft drinks lose popularity PepsiCo Inc. agreed to buy fizzy-drinks dispenser SodaStream International Ltd. for $3.2 billion, sending the company synonymous with sugary sodas into the homes of more health-conscious consumers. PepsiCo will pay $144 a share in cash for the Israeli company, the companies said in a statement Monday. That’s 11% higher than Friday’s closing price and would be the Purchase, N.Y., company’s largest acquisition in eight years. In one of her final acts as chief executive of PepsiCo, Indra Nooyi is betting on a razors-and-blades kind of business model to reanimate revenue growth that has been waning due to weak demand for traditional sugary soft drinks. SodaStream sells machines used with compatible carbon dioxide capsules and optional flavored syrups, and its success in locking in customers allowed it to recently raise its full-year outlook. PepsiCo said the move is also intended to boost sustainability be Show less Read more
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