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PepsiCo ‘nears deal for prebiotic soda brand Poppi' [Yahoo! Finance]

Coca-Cola Company (The) (KO)  More Company Research Source: Yahoo! Finance
Last coca-cola company (the) earnings: 4/21 05:55 am Check Earnings Report
US:NYSE Investor Relations: coca-colacompany.com/investors
According to Bloomberg , the Mountain Dew owner is looking to buy the brand for more than $1.5bn, a source familiar with the matter told the publication today (14 March). They said a deal could be announced next week, though several unnamed sources also told the publication the process could be delayed. Neither PepsiCo nor Poppi had responded to Just Drinks ' requests for comment at the time of writing. Last year, a report from Bloomberg suggested The Coca-Cola Co. was pursuing a purchase of Austin, Texas-based Poppi. Founded by husband and wife Stephen and Allison Ellsworth, Poppi's low-calorie, low-sugar sodas come in 15 flavours, and are sold in retailers across the US including Kroger, Walmart, Costco, Target and Whole Foods Market. Last month, Olipop, a local competitor of Poppi, was valued at $1.85bn after raising $50m in a Series C funding round, led by JP Morgan Private Capital's Growth Equity Partners. In a statement at the time, Olipop said the cash injection ma [Read more]
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