Summary
The acquisition of SodaStream by PepsiCo surprised may investors.
As a result, many speculations regarding the future of SodaStream were discussed.
Now, after the dust has settled, we can see the future of SodaStream.
On August 20, 2018, PepsiCo (PEP) and SodaStream (SODA) announced SodaStream will be acquired for the staggering amount of $3.2 billion. This amounts to $144 per share; considering that only a year ago, the shares traded for less than $60, there are many investors who achieved amazing returns. The deal will allow PepsiCo to strengthen its dominant position in soft drinks industry.
The entire consumer staples sector is full of merger and acquisitions rumors. Obviously, the media is trying to learn about major acquisitions involving mega mergers between the largest players. Therefore, smaller acquisitions don't get much attention, and tend to be more surprising. I am looking for companies dealing consumer staples to add to my dividend growth portfolio, which has given me a great opportunity to look at PepsiCo.
