 |
|
|
Something new in your business? Click here to submit your business press release Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery |
|
|
SodaStream shares spike on report of Starbucks talks [April 24, 2014] (Reuters) — Shares in SodaStream International Ltd <SODA.O> rose as much as 17 percent on Wednesday after the Israeli business newspaper Globes said Starbucks Corp <SBUX.O> was in advanced talks to buy 10 percent of the home soft drink maker, citing sources. |
|
Representatives for both SodaStream and
Starbucks declined to comment. In February, Coca Cola Co <KO.N> took a $1.3 billion stake in
Keurig Green Mountain Inc <GMRC.O>, maker of the popular Keurig
one-cup coffee brewer, with plans to jointly launch a home soda
maker machine, prompting speculation SodaStream would pursue its
own partnership with a company. Last week, Israeli financial news daily Calcalist reported that
SodaStream was in early talks to sell 16 percent of the company
to a potential investor, including PepsiCo Inc <PEP.N>, Dr
Pepper Snapple Group <DPS.N> or Starbucks. SodaStream shares were up 13 percent at $45.68 in midday
trading, while Starbucks shares fell 0.7 percent to $70.64. (Reporting by Phil Wahba in New York and Lisa Baertlein in Los Angeles; editing by Jonathan Oatis) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
|
 |
|
|
|
|
|
|
