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PepsiCo to buy Israel's SodaStream in $3.2 billion deal

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PepsiCo to buy Israel's SodaStream in $3.2 billion deal

PepsiCo to buy Israel's SodaStream in $3.2 billion deal
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Ammar Awad(Reuters)
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(Reuters) - PepsiCo Inc <PEP.O> said on Monday it would buy Israel-based Sodastream <SODA.TA>, which makes fizzy drink-making household devices, in a deal valued at $3.2 billion(2.51 billion pounds).

PepsiCo will acquire Sodastream for $144 per share in cash, the companies said in a statement.

(Reporting by Bhanu Pratap in Bengaluru; Editing by Sai Sachin Ravikumar)

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