SodaStream reportedly in talks to go private, shares spike

Employees pack boxes of SodaStreams at the factory in the West Bank Jewish settlement of Maale Adumim.
Ammar Awad | Reuters

SodaStream International, the maker of home soda machines, is in talks with an investment firm about taking the company private, Bloomberg reported on Thursday, citing sources familiar with the matter.

According to the report, the deal values the Israel-based company at $40 a share, or $828 million, a 38 percent premium above Wednesday's close, a source told the news agency. No final agreement has been reached and talks could still fall apart, said the people, who asked not to be identified because the discussions are private.

After being halted briefly on the Nasdaq, the company's shares spiked more than 17 percent to above $34.

Several private equity funds have been looking at SodaStream for a leveraged buyout, according to Bloomberg.

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