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SodaStream International Ltd. (NASDAQ: SODA) Investor Lawsuit Filed Against Acquisition

  • Investors who purchased shares of SodaStream International Ltd. (NASDAQ: SODA) may have certain options. Please contact the Shareholders Foundation, Inc.

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Lawsuit Overview

Case Dismissed
Company
SodaStream International Ltd.
Security
NASDAQ: SODA

Case Name
SodaStream International Deal Case
Type of Lawsuit
Mergers and Acquisition
Class Period Begin
Class Period End
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Summary

September 21, 2018 - The case was voluntarily dismissed.
September 13, 2018 - An investor, who currently holds shares of SodaStream International Ltd. (NASDAQ: SODA), filed a lawsuit in effort to halt the proposed takeover of SodaStream International Ltd.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: SODA stockholders by agreeing to sell SodaStream International Ltd. cheaply via an unfair process.

Israel based SodaStream International Ltd., together with its subsidiaries, manufactures, distributes, and sells home beverage carbonation systems. On August 20, 2018, ug. 20, 2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) and SodaStream International Ltd. (NASDAQ / TLV: SODA) announced that they have entered into an agreement under which PepsiCo has agreed to acquire all outstanding shares of SodaStream for $144.00 per share in cash.

However, plaintiff claims that the proposed consideration NASDAQ: SODA shareholders will receive is grossly inadequate and undervalues SodaStream International Ltd. Indeed, at least one analyst has set the high target price for NASDAQ:SODA at $147.00 per share. SodaStream International Ltd. reported that its annual Total Revenue rose from $476.06 million in 2016 to $543.37 million in 2017 and that its Net Income increased from $44.46 million in 2016 to $74.38 million in 2017. In addition, the plaintiff alleges that the process is also unfair NASDAQ: SODA stockholders.