A lawsuit was filed for investors in shares of SodaStream International Ltd. (NASDAQ: SODA) in connection with the proposed takeover.
San Diego, CA -- (SBWIRE) -- 09/19/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of SodaStream International Ltd. (NASDAQ: SODA), filed a lawsuit against the acquisition of SodaStream International Ltd.
Investors who purchased shares of SodaStream International Ltd. (NASDAQ: SODA) and currently hold any of those NASDAQ: SODA shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: SODA stockholders by agreeing to sell SodaStream International Ltd. cheaply via an unfair process.
Israel based SodaStream International Ltd., together with its subsidiaries, manufactures, distributes, and sells home beverage carbonation systems. On August 20, 2018, ug. 20, 2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) and SodaStream International Ltd. (NASDAQ / TLV: SODA) announced that they have entered into an agreement under which PepsiCo has agreed to acquire all outstanding shares of SodaStream for $144.00 per share in cash.
However, plaintiff claims that the proposed consideration NASDAQ: SODA shareholders will receive is grossly inadequate and undervalues SodaStream International Ltd. Indeed, at least one analyst has set the high target price for NASDAQ:SODA at $147.00 per share. SodaStream International Ltd. reported that its annual Total Revenue rose from $476.06 million in 2016 to $543.37 million in 2017 and that its Net Income increased from $44.46 million in 2016 to $74.38 million in 2017. In addition, the plaintiff alleges that the process is also unfair NASDAQ: SODA stockholders.
Those who are current investors in SodaStream International Ltd. (NASDAQ: SODA) shares have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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