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PepsiCo to buy SodaStream for $3.2B

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PepsiCo today announced plans to buy at-home carbonated drink maker SodaStream.

The deal valued at $3.2 billion would have Pepsi paying $144 per share in cash for SodaStream's outstanding stock.

"We get to play in a business — home beverages — where we don't play," PepsiCo CFO Hugh Johnston said.

Read more from CNBC.

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