date:Aug 21, 2018
odaStream (SODA) will further boost Pepsis health credentials. SodaStreams stock has surged more than 320% in the past two years after it rebranded itself as a sparkling water company.
The deal will be funded using Pepsis cash on hand and has been unanimously approved by the boards of both companies. It is expected to close by January, pending a SodaStream shareholder vote and certain regulatory approvals.
Nooyi, who will be replaced by Ramon Laguarta, Pepsis head of global operations, helped