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PepsiCo buys Sodastream for $3.2bn

PepsiCo buys Sodastream for $3.2bn
Business
The deal gives Pepsi a new way of reaching customers in their homes at a time when its signature sugary drinks are becoming less popular.

It is also the company s first big acquisition since chief executive Indra Nooyi disclosed she would step down in October after 12 years at the helm.

Under the terms of the deal, PepsiCo will buy all outstanding shares of Sodastream for $144 each.

The takeover has already been approved by directors at both firms.

PepsiCo president Ramon Laguarta, who will succeed Ms Nooyi on 3 October, said in a statement that Sodastream was "highly complementary and incremental" to Pepsi s business.
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