PepsiCo Inc

PEP: XNAS (USA)
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PepsiCo: Prudent Deal to Sharpen Soda Focus and Maintain Energy Drink Exposure

PepsiCo on Aug. 29 agreed to sell Rockstar Energy in the US and Canada to Celsius, in return for $585 million in preferred convertible shares from Celsius that raised its stake in the latter to 11.0% from 8.5%. It will also add Celsius' Alani Nu brand to its distribution in North America.

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