ISRAEL/US: PepsiCo rubbishes SodaStream takeover report
PepsiCo says the rumours are "totally untrue"
PepsiCo has said a media report claiming it plans to buy SodaStream for US$2bn is “completely and totally untrue”.
Israeli financial newspaper Calcalist earlier today (6 June) claimed that the US snacks and soft drinks maker has already made an offer for SodaStream, according to Reuters. No sources were cited in the report, which also said SodaStream was sounding out the Coca-Cola Co over a sale.
SodaStream told just-drinks it “does not comment on rumours and speculation” when contacted today. Coca-Cola has yet to reply to a request for comment.
Shortly after the report was published, SodaStream's NASDAQ listed shares shot up by about 25% in pre-market trading. The shares were up 4.4% as of 0923 today.
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