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PepsiCo is expanding its carbonated beverage empire.
Today, the company announced that it has entered into an agreement to purchase make-your-own-seltzer machine maker SodaStream for a whooping $3.2 billion—or $144 per share.
SodaStream, which manufactures at-home machines that allow consumers to turn tap water into sparkling water, has enjoyed a big boost over the past two years: According to CNBC, its stock has grown 320 percent in that time frame.
The purchase adds to PepsiCo’s growing portfolio of health-centric brands.
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