PepsiCo Inc. denied a published story by Calcalist stating that it will acquire SodaStream International Ltd.
The financial newspaper Calcalist reported that PepsiCo made an acquisition offer through Goldman Sachs. The said deal was valued at US$2 billion for SodaStream, an Israel-based company with machines that make carbonated drinks from tap water.
A spokesman from PepsiCo told Reuters on Thursday that the report was untrue. He also reiterated PepsiCo's position about having no need for large acquisitions.
After closing on Wednesday, SodaStream's shares were at US$69.35 and increased by 7%.
The said published report stated that PepsiCo was willing to pay more than US$2 billion for SodaStream, which has a market value of US$1.4 billion.
SodaStream officials declined to comment over said reports.
Calcalist stated that PepsiCo was interested with said acquisition after the Israel based company doubled its sales in the US last 2012. It also said that SodaStream was eyeing a deal with Coca Cola Co prior to advancing its negotiations with PepsiCo.
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