SODASTREAM SHARES EXPLODE
Following the report shares of SodaStream were up as much as 18%.
Bloomberg's David Wainer and Manuel Baigorri, citing people familiar with the matter, report that the deal could value the at-home soda maker at about $40 per share.
SodaStream, which is one of the most heavily shorted stocks in the market with about 33% of the stock's float currently held short, according to data from FinViz, has been one of the market's most volatile stocks in recent years.
In February, after Coca-Cola announced a deal to take a 10% stake in Keurig, SodaStream shares plummeted.
Earlier this year, an April report from Israeli financial publication Calcalist said Pepsi was in talks to take a stake in the company.
And since Coke took a stake in Keurig, and announced plans to develop a brewing system to brew cold drinks at-home, many in the market have speculated that Pepsi could be a natural partner for SodaStream, though nothing official has emerged from either company.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status