Laguarta hugs SodaStream CEO Daniel Birnbaum in Tel Aviv. REUTERS/Amir Cohen
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PepsiCo is set to buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market.The deal announced Monday may be the last for PepsiCo Chief Executive Indra Nooyi, who hands over to Ramon Laguarta later this year.PepsiCo said SodaStream complements its water business, which includes Aquafina and smaller brands Bubly and Lifewtr.Speculation about PepsiCo or Coca-Cola buying Sodastream has bubbled for years.The company was created last month by the merger of Keurig Green Mountain, now owned by private investment firm JAB Holding, and Dr Pepper Snapple.
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