An Israeli financial publication reported that SodaStream is considering selling up to 16 percent of its company to a large-scale investor such as PepsiCo, Dr Pepper Snapple Group or Starbucks, according to Forbes.
The publication, Calcalist, didn’t identify a source in its story, but that didn’t dissuade Wall Street. The rumor spiked shares of SodaStream, the Airport City, Israel-based maker of at-home soda kits, by more than 8 percent on Wednesday morning.
The Calcalist report states that the valuation discussed would place SodaStream at about $1.1 billion, a 30 percent increase from its current value, elevating shares to $52. As of press time, the company’s shares sell at $40.66.
Even with the jump in share prices and Coca-Cola’s recent acquisition of a minority stake in Keurig Green Mountain, which will develop its own competing at-home soda maker, the report could be nothing more than a smokescreen. Last year, Calcalist reported…
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