Market Overview

SodaStream Up 18% On Going Private Rumor

Related SODA
5 Stocks Investors Should Watch This Week
SodaStream Misses Q3 Earnings, Cuts View; To Close Facility
Coca-Cola to Become Keurig's Biggest Investor (Fox Business)

SodaStream International (NASDAQ: SODA) jumped nearly 19 percent on a rumor about the company going private.

The company is in discussions with investors in a deal valuing the company at about $40 per share, or $828 million, according to anonymous sources cited by Bloomberg news service.

Shares traded recently at $34.25, up 18.34 percent.

Israel-based SodaStream sells home beverage carbonation systems and related products.

Several private-equity funds are weighing a leveraged buyout of SodaStream, according to Bloomberg's source.

SodaStream hit a 52-week low earlier this month of $28.65. Revenue for its most recent quarter was flat and competition will emerge next year when a venture of Coca-Cola and Keurig Green Mountain plan to launch a home soda machine.

Posted-In: BloombergNews Rumors M&A Hot


Related Articles (SODA)

Around the Web, We're Loving...

Get Benzinga's Newsletters