At-home soda leader SodaStream International is in early talks to sell a 10 to 16 percent stake in the company to a large strategic entity, the Calcalist financial news website reported on Wednesday. The talks involve a company valuation for SodaStream of $1.1 billion, Calcalist said, noting that there are still differences between the parties over the type of deal that would be carried out.Officials at Israel-based SodaStream could not immediately be reached for comment.According to Calcalist the potential investor is one of three companies: PepsiCo Inc, Dr Pepper Snapple Group or Starbucks Co.The company valuation reflects a share price of $52, compared with SodaStream's closing price of $37.64 on Tuesday.
Dr Pepper Snapple Group, Inc. (DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks and mixers. Shares of DPS remained unchanged at $51.68. In the past year, the shares have traded as low as $43.18 and as high as $54.61. On average, 2143390 shares of DPS exchange hands on a given day and today's volume is recorded at 0.
PepsiCo, Inc. (PepsiCo) is a global food and beverage company. Shares of PEP remained unchanged at $83.96. In the past year, the shares have traded as low as $77.01 and as high as $87.06. On average, 6184770 shares of PEP exchange hands on a given day and today's volume is recorded at 0.
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