Aug
20

SodaStream’s CEO Is Poised to Reap Up to $61 Million on PepsiCo Deal

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SodaStream 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

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