PepsiCo is buying SodaStream for $3.2 billion in cash

REUTERS/Ammar Awad

• PepsiCo on Monday announced plans to buy home carbonation system maker SodaStream.
• PepsiCo will pay $144.00 per share in cash, a 32% premium.
• Israeli-based SodaStream listed on the NASDAQ in 2010.
• PepsiCo CEO Indra Nooyi, who’s led the business for 12 years, announced earlier this month that she’d step down, having led a push away from sugar-based drinks and healthier options.

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PepsiCo is buying SodaStream, a home system for carbonating water, for $3.2 billion in a deal which will give the beverage giant direct access to customers in their homes.

The deal, announced on Monday, sees PepsiCo paying $144.00 in cash for each SodaStream share, a 32% premium to the 30-day volume weighted average price. The transaction will be funded with PepsiCo’s cash on hand.

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