SodaStream up 17% after talks with Starbucks
Shares in SodaStream International Ltd rose as much as 17 percent on Wednesday after the Israeli business newspaper Globes said Starbucks Corp was in advanced talks to buy 10 percent of the home soft drink maker, citing sources.
Last week, Israeli financial news daily Calcalist reported that SodaStream was in early talks to sell 16 percent of the company to a potential investor, including PepsiCo Inc, Dr Pepper Snapple Group or Starbucks.
Representatives for both SodaStream and Starbucks declined to comment. (Reuters)
