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PepsiCo Is Set to Acquire SodaStream for $3.2 Billion

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PepsiCo is expanding its carbonated beverage empire. Today, the company announced that it has entered into an agreement to purchase make-your-own-seltzer machine maker SodaStream for a whooping $3.2 billion--or $144 per share. SodaStream, which manufactures at-home machines that allow consumers to turn tap water into sparkling water, has enjoyed a big boost over the past...

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