SODA, SBUX: SodaStream Stock Surges on Starbucks Deal News

by Karl Utermohlen | April 23, 2014 4:59 pm

SODA, SBUX: SodaStream Stock Surges on Starbucks Deal News

SodaStream’s (SODA[1]) stock skyrocketed today following news of a potential sale to Starbucks (SBUX[2]).

SodaStream logo 200x100 SODA, SBUX: SodaStream Stock Surges on Starbucks Deal News[3]The coffee company is looking to buy[4] 10% of SodaStream, according to Israeli business news publication Globes. The report’s sources claim that a deal between the two sides will be announced soon.

The deal would cost Starbucks a whopping $1.1 billion, a 30% premium on the company’s market price. The beverage company’s stock has been booming ever since news of the coffee giant taking a stake on the company broke out.

SODA stock is up over 10.7% after closing on Wednesday. SBUX stock is down over 1%.

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Endnotes:
  1. SODA: http://studio-5.financialcontent.com/investplace/quote?Symbol=SODA
  2. SBUX: http://studio-5.financialcontent.com/investplace/quote?Symbol=SBUX
  3. [Image]: http://investorplace.com/wp-content/uploads/2011/10/SodaStream_logo_200x100.jpg
  4. buy: http://www.thestreet.com/story/12679910/1/why-sodastream-soda-stock-is-spiking-today.html
  5. Company Stock Rallies on Talk of Stake Sale: http://investorplace.com/2014/04/soda-stock-sodastream-sbux-pep/#.U1gpgqiwXGA

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