YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
PepsiCo is investing $585 million to increase its stake in energy drink maker Celsius Holdings.
The soda company bought 5% of Celsius' preferred stock, bringing its stake in the business up to 11%, after conversion.
The agreement includes a clause through which Alani Nu, Celsius' health and wellness drinks brand, will move into PepsiCo's distribution system in the U.S. and Canada.
Read more from CNBC.
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