Aug
20
SodaStream’s CEO Is Poised to Reap Up to $61 Million on PepsiCo Deal
BySodaStream International Ltd. Chief Executive Officer Daniel Birnbaum could collect as much as $61 million if PepsiCo Inc. completes its acquisition.
PepsiCo said Monday it agreed to pay $144 a share in cash for the Israeli maker of fizzy-drinks dispensers, which is 11 percent above SodaStream’s closing price on Friday. Birnbaum owns 137,277 shares, which would result in a $19.8 million haul, according to data compiled by Bloomberg…
SodaStream’s CEO Is Poised to Reap Up to $61 Million on PepsiCo Deal