PepsiCo to Acquire poppi

Image Source: PepsiCo, Inc. PepsiCo, Inc. recently announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes an additional potential earnout consideration subject to the achievement of certain performance milestones within a specified period after closing of the transaction. "We've been evolving our food and beverage portfolio over [read more]