SodaStream in buyout talks: Bloomberg

(Reuters) – Israel-based SodaStream International, which makes home soda machines, is in talks to be taken private in a deal valuing the company at $828 million, Bloomberg said, citing people familiar with the matter.

The company’s shares rose 19 percent to $34.37 on Thursday.

SodaStream is in talks with an investment firm for a deal that would value the company at about $40 per share, Bloomberg said, adding no final agreement has been reached and talks could still fall apart.

SodaStream was not immediately available for comment.

Israeli media reported in April the company was in talks to sell a 10 to 16 percent stake to a large strategic entity. The Calcalist financial newspaper identified the potential investor as either PepsiCo Inc, Dr Pepper Snapple Group or Starbucks Co.

Leave a Reply

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget