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PepsiCo Announces Deal To Buy Israel-Based SodaStream

PepsiCo is to buy Israel-based SodaStream in a deal worth $3.2 billion.

The two firms announced that they have entered into a deal that will see PepsiCo acquire all outstanding shares of the carbonated drinks machine maker for $144 per share in cash.

This represents a 32% premium to the 30-day volume weighted average price, PepsiCo said in a statement.

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