PepsiCo Is Acquiring SodaStream for $3.2 Billion

PepsiCo has agreed to acquire countertop carbonated water machine maker SodaStream for $3.2 billion--the snacking and beverage giant's latest move to add healthier products to its portfolio and push a more environmentally friendly agenda.

The deal, for $144 per share in cash, is a 32% premium to the 30-day volume weighted average share price of SodaStream, which earlier this month reported what it said was its "most successful quarter" ever and its ninth consecutive quarter of double-digit...

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