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PepsiCo Enters Homemade Market With $3.2 Billion SodaStream Deal

Aug. 20, 2018, 1:54 PM

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 Aug. 20. That’s 11 percent higher than the Friday, Aug. 17, closing price and would be the Purchase, N.Y.-based company’s largest acquisition in eight years.

In one of her final acts as chief executive officer of PepsiCo, Indra Nooyi is betting on a razors-and-blades kind of business model to reanimate revenue growth that has been ...

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