ISRAEL/US: SodaStream shares steady after Starbucks bid rumour spike
Rumours are still swirling that SodaStream is set to sell a significant stake
Shares in SodaStream have dropped back after a spike was caused following reports that Starbucks is looking to take a 10% stake in the firm.
The Israeli group's stock jumped 14% to US$46 yesterday (23 April) after daily newspaper Globes cited unamed sources claiming that the US coffee chain was in talks to buy a share in the home carbonation system company. Shares in Sodastream are today trading down 2.47% at $43.70.
When contacted by just-drinks today, a SodaStream spokesperson said: "We do not comment on rumour and speculation."
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