PepsiCo buys Israel-based SodaStream for $3.2 billion
PepsiCo on Monday announced it is buying Israel-based at-home carbonated drink-maker SodaStream in a deal worth $3.2 billion. PepsiCo agreed to pay $144 per share in cash for SodaStream's outstanding stock, almost 11% higher price than its last closing price. This is PepsiCo's first big acquisition since CEO Indra Nooyi announced her exit from the company after 12 years.