Airport City, Israel – SodaStream In Buyout Talks

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    FILE  -Employees pack boxes of the SodaStream product at the factory in the West Bank Jewish settlement of Maale Adumim January 28, 2014.  ReutersAirport City, Israel – Israel-based SodaStream International, which makes home soda machines, is in talks to be taken private in a deal valuing the company at $828 million, Bloomberg said, citing people familiar with the matter.

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    The company’s shares rose 19 percent to $34.37 on Thursday.

    SodaStream is in talks with an investment firm for a deal that would value the company at about $40 per share, Bloomberg said, adding no final agreement has been reached and talks could still fall apart. (http://bloom.bg/1qCyoRB)

    SodaStream was not immediately available for comment.

    Israeli media reported in April the company was in talks to sell a 10 to 16 percent stake to a large strategic entity. The Calcalist financial newspaper identified the potential investor as either PepsiCo Inc, Dr Pepper Snapple Group or Starbucks Co.


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    7 Comments
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    TexasJew
    TexasJew
    9 years ago

    Hope it stays in Israel.

    PaulinSaudi
    PaulinSaudi
    9 years ago

    Always sort of sad when the guys who start a company cash out.

    PaulinSaudi
    PaulinSaudi
    9 years ago

    Oh, it is like when I go to the agricultural fair back in the US. The 4H kids have raised some sheep or steer all year. The animal won a prize. Local farmers bid for the animals, paying way to much. It is to help the child after all. Then the child gets all that money, thousands of dollars. But he has to give up his … pet.

    Like I said, a little sad. But sort of wonderful too.

    MarktMan
    MarktMan
    9 years ago

    Makes sense to cash out now. Coke and Keurig are developing a similar machine and it will be hard to fend them off, even if SodaStream has a better product.