SodaStream Shares Rise After Sale of Rival, Announcement of Decision to Trade on TASE

SodaStream shares, which have fallen 80% in the past two-and-a-half years, were up 11.6% at $15.64 in Nasdaq trading late morning local time in New York.

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Shares of SodaStream International shot up Monday after the company’s arch-rival was sold and the Israeli manufacturer of carbonated beverage makers for the home announced it would begin trading on the Tel...