At-home soda maker Sodastream International is in early talks to sell a stake of up to 16 percent to a strategic entity, Israeli financial news daily Calcalist reported on its website.U.S. shares of Sodastream rose as much as 12 percent to $42.25 on Wednesday after the website identified PepsiCo Inc , Dr Pepper Snapple Group or Starbucks Co as the potential investors in the Israel-based company.The website did not cite any sources for its information.The price being discussed values Sodastream at about $1.1 billion, Calcalist said. The valuation reflects a share price of $52, compared with Sodastream's closing price of $37.64 on the Nasdaq 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 traded higher by 0.46% or $0.24/share to $51.92. 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 201215.
PepsiCo, Inc. (PepsiCo) is a global food and beverage company. Shares of PEP traded higher by 0.71% or $0.6/share to $84.56. 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 1144405.
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