An investigation on behalf of investors of SodaStream International Ltd. (NASDAQ: SODA) in connection with the proposed takeover was announced and NASDAQ: SODA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/27/2018 -- An investigation was announced for investors, who currently hold shares of SodaStream International Ltd. (NASDAQ: SODA), concerning whether the takeover of SodaStream International Ltd. is unfair to NASDAQ: SODA stockholders.
Investors who purchased shares of SodaStream International Ltd. (NASDAQ: SODA) and currently hold any of those NASDAQ: SODA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of SodaStream International Ltd. breached their fiduciary duties owed to NASDAQ: SODA investors in connection with the proposed acquisition.
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, given that at least one analyst has set the high target price for NASDAQ:SODA at $147.00 per share, the investigation concerns whether the offer is unfair to SodaStream International Ltd. (NASDAQ: SODA stockholders. More specifically, the investigation concerns whether the SodaStream International Ltd. (NASDAQ: SODA Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
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.
Shares of SodaStream International Ltd. (NASDAQ: SODA) closed on August 24, 2018 at $142.37 per share.
Those who are current investors in SodaStream International Ltd. (NASDAQ: SODA) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com