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Mergers and Acquisitions

Business
PepsiCo Buys Poppi For $1.95B As Prebiotic Soda Industry Heats Up PepsiCo Buys Poppi For $1.95B As Prebiotic Soda Industry Heats Up
PepsiCo Buys Poppi For $1.95B As Prebiotic Soda Industry Heats Up PepsiCo is making a nearly two-billion-dollar bet on the future of soda. Pepsi said it will acquire Poppi, a fast-growing prebiotic soda brand, the company said in a news release on Monday, Mar. 17. The $1.95 billion deal aims to strengthen Pepsi's push into health-focused beverages. The Texas-based brand, founded by husband-and-wife duo Allison and Stephen Ellsworth, skyrocketed in popularity after landing an investment on the TV show "Shark Tank". With its mix of prebiotics, fruit juice, and apple cider vinegar, Poppi has built a loyal following as a low-calorie alternative to tradit…

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by Chris Spiker
Business
Eversource Eyes Acquisition Of Connecticut Water Eversource Eyes Acquisition Of Connecticut Water
Eversource Eyes Acquisition Of Connecticut Water Eversource Energy announced on Thursday, April 19 that it made a proposal to acquire all outstanding shares of Connecticut Water Service, Inc.  The proposal, made on April 5, would have allowed Eversource to acquire all the outstanding shares for $63.50 per share in cash, according to a news statement.  With this proposal, Connecticut Water Service shareholders can take the payment or receive the equivalent shares in Eversource.  Connecticut Water said it remains committed to an earlier offer made by SJW Group, calling it a merger of equals that will offer better opportunity for growth and…

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by Jon Craig