SodaStream Stock Soars Even After Report of Pepsi Offer Is Denied

Reports that PepsiCo is negotiating purchase of SodaStream for roughly $2 billion are 'completely untrue,' spokesman says, but sources in Israel suggest there may be something to the claim.

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A news report that PepsiCo is in talks to buy SodaStream briefly sent shares of the Israeli company soaring on Thursday, even after Pepsi issued a denial.